205 E Division St, Colfax, IA, 50054 | 6.55% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

205 E Division St, Colfax, IA, 50054 | 6.55% Rental Yield | Ziffy

For Sale

Listed for sale today

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

7 Bed
4 Bath
4669 sft

215 W Spring St, Colfax, IA, 50054

4 Bed
2 Bath
1564 sft

3307 West St, Colfax, IA, 50054

2 Bed
2 Bath
783 sft

3701 Wright St, Des Moines, IA, 50316

5 Bed
3 Bath
3139 sft

810 W Pleasant St, Colfax, IA, 50054

Nearby investment properties with comparable prices

4 Bed
2 Bath
1001 sft

512 12th Ave NW, Altoona, IA, 50009

3 Bed
2 Bath
1054 sft

4212 SE 23rd St, Des Moines, IA, 50320

3 Bed
3 Bath
1080 sft

400 Pleasant St, Carlisle, IA, 50047

3 Bed
2 Bath
1200 sft

1115 Pleasant St, Carlisle, IA, 50047

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 205 E Division St, Colfax, IA, 50054 generates $1,500/mo in rent, after a $1,346/mo payment. Total monthly income is $1,500/mo. Return on cash invested sits at 16.14% in year one, and rental yield is 6.55% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 83.03% and total cumulative return in cash sums $75,695. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Historic Home with modern touches on a Spacious Half-Acre Lot in the Heart of Colfax. This inviting 3-bedroom, 2-bath home offers the perfect mix of privacy and space. Step inside to a warm and comfortable layout featuring a bright living area and a functional floor plan that makes everyday living easy. This home is move-in ready, with new HVAC, water heater, and electrical installed just 2 years ago! What truly sets this property apart is the expansive half-acre lot with a large 35x35 metal building. Whether you're looking to spread out, entertain, or simply enjoy the peace that comes with extra land, this yard delivers. Located just blocks from Colfax's shops, parks, and schools, this home offers the convenience of in-town living with the breathing room of a rural property. With all the updates and an affordable price point, 205 E Division St is the perfect opportunity to put down roots and make a home truly your own.