122 W Washington St, Colfax, IA, 50054 | $149/mo Cash Flow

Off market

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
672 sft

1402 N 7th Ave W, Newton, IA, 50208

3 Bed
1 Bath
792 sft

2208 Elizabeth Ave, Des Moines, IA, 50317

3 Bed
1 Bath
1414 sft

1106 Arthur Ave, Des Moines, IA, 50316

3 Bed
2 Bath
1400 sft

926 Breezewood Cir, Altoona, IA, 50009

Nearby investment properties with comparable prices

2 Bed
3 Bath
1186 sft

2340 Hart Ave APT 2, Des Moines, IA, 50320

2 Bed
2 Bath
1056 sft

1115 Fieldstone Ln, Pleasant Hill, IA, 50327

2 Bed
2 Bath
1014 sft

1815 SW White Birch Cir UNIT 3, Ankeny, IA, 50023

2 Bed
1 Bath
616 sft

2311 Williams St, Des Moines, IA, 50317

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Colfax at 122 W Washington St, Colfax, IA, 50054 priced at $196,300 pairs $1,424/mo rent with $149/mo cash flow after a $961/mo payment. Total monthly income equals $1,424/mo, and annual cash flow comes to $1,787/yr on $65,073 invested. Return on cash invested is 22.66% in year one, and rental yield stands at 8.71% on a $196,300 basis. Equity gained on principal adds $1,267/yr, and 5% annual appreciation accumulates to $54,234 by year five. Five-year ROI measures 117.96% and total cumulative return in cash reaches $76,762. For financing, Ziffy Mortgage’s DSCR program evaluates $1,424/mo property income against a $961/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1889

6,573 sqft lot

$N/A/sqft

No HOA