208 E Midway StColfaxIN46035
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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
Investment Highlights
Rental property for sale in Colfax at 208 E Midway St, Colfax, IN, 46035 priced at $229,900 pairs $1,182/mo rent with after a $1,125/mo payment. Total monthly income equals $1,182/mo. Return on cash invested is 16.79% in year one, and rental yield stands at 6.17% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 85.94% and total cumulative return in cash reaches $65,495. For financing, Ziffy Mortgage’s DSCR program evaluates $1,182/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1943
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46035, Colfax, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 476 (100%) |
| Owner Occupied HU | 347 (72.9%) |
| Renter Occupied HU | 95 (20.0%) |
| Vacant Housing Units | 34 ( 7.1%) |
| Median Home Value | $200,556 |
| Average Home Value | $234,705 |
Housing Distribution
Address Breakdown
Residential
378
Single Family
378
Multi-Family
0
Businesses
28
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