223 W Broadway St,Colfax,IA,50054

Investment Highlights

Investment property for sale in Colfax at 223 W Broadway St, Colfax, IA, 50054 at $169,000 posts ROI 27.46% with $353/mo cash flow from $1,450/mo rent. Total monthly income equals $1,450/mo, and annual cash flow records $4,231/yr on $56,024 to close. Return on cash invested measures 27.46% and rental yield reads 10.3% at the current $169,000. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 by year five. Five-year ROI prints 143.78% and total cumulative return in cash totals $80,551.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,450/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).