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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Colfax at 304 W Jefferson St, Colfax, IN, 46035 uses $67,958 cash to close to unlock $1,509/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $1,356/mo, and a $1,003/mo payment keeps the spread at $126/mo. Purchase price stands at $205,000, and rental yield measures 7.94% with $1,356/mo rent. Return on cash invested shows 22.13% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 114.5% and total cumulative return in cash records $77,814. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,356/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1902
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46035, Colfax, IN area.
| 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 |
Residential
378
Single Family
378
Multi-Family
0
Businesses
28
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Scott Irons • Snyder Strategy Realty, Inc
Mls Name: IRMLS
Mls ID: #202540063
