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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 404 E Franklin St, Colfax, IN, 46035 earns $258/mo cash flow from $1,608/mo rent with a $1,101/mo payment. Total monthly income totals $1,608/mo, and annual cash flow totals $3,091/yr on $74,588 capital. ROI tracks 24.05% on current figures, and rental yield reads 8.58% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 124.84% and total cumulative return in cash sums $93,117. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,608/mo property income instead of your personal income.
Single Family
Built in 1961
7,405 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 |
|---|---|---|
| 2025-03-11 | Listed for sale | $225,000 |
| 2021-10-22 | Sold | $189,900 |
| 2020-03-12 | Sold | $156,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-13 | $1789.58 | 57.39% | $221,300 | 21.79% |
| 2022-03-13 | $1137.00 | 60.67% | $181,700 | 55.70% |
| 2021-03-13 | $707.64 | 7.16% | $116,700 | 59.86% |
Listed by: Cathy C Russell • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507690
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
