400 E Franklin StColfaxIN46035
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Colfax rentals match the income profile of 400 E Franklin St, Colfax, IN, 46035. Listed at $126,300, gross rent is $1,747/mo and net cash flow is $989/mo, a 16.6% yield well above national averages. DSCR 3.08 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $34,894 by year five with $1,163/yr in annual principal reduction, projecting $111,470 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.6% | 6.0% |
| Monthly Cash Flow | $989 | $300 |
City averages based on Colfax market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,747 |
| Total Monthly Debt Service | $708 |
| DSCR Ratio | 2.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1964
0.34 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1964
0.34 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices