1132 S Goodrich St, Colfax, IA, 50054 | $278/mo Cash Flow

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1132 S Goodrich St, Colfax, IA, 50054 | $278/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Colfax at 1132 S Goodrich St, Colfax, IA, 50054 generates $1,511/mo in rent and, after a $929/mo payment, leaves $278/mo in cash flow. Total monthly income is $1,511/mo, and annual cash flow is $3,338/yr on $62,952 invested. Return on cash invested sits at 25.21% in year one, and rental yield is 9.55% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 131.75% and total cumulative return in cash sums $82,937. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,511/mo property income rather than buyer’s personal income.

Condo

Built in 2008

5,340 sqft lot

$N/A/sqft

No HOA

More details about the property

Dont miss out on this spacious ranch town home that backs to a beautiful pond! You will love the open concept floor plan with vaulted ceilings, beautiful tile flooring, all new carpet and interior paint. The kitchen is spacious and functional with updated stainless steel appliances and plenty of room for a dining table! The kitchen opens up nicely into the huge living room that centers around the beautiful fireplace. Off the living space is the large primary bedroom with a walk in closet and bathroom ensuite offering a walk-in shower. A full second bathroom and the second bedroom offer great space and updates as well! Newer washer and dryer stay. You will be set to enjoy this move in ready, easy transition home! Contact your Realtor today!