406 W Linden St, Colfax, IN, 46035 | $162/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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406 W Linden St, Colfax, IN, 46035 | $162/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Airbnb Potential

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Colfax at 406 W Linden St, Colfax, IN, 46035 at $170,000 posts ROI 23.35% with $162/mo cash flow from $1,182/mo rent. Total monthly income equals $1,182/mo, and annual cash flow records $1,939/yr on $56,355 to close. Return on cash invested measures 23.35% and rental yield reads 8.34% at the current $170,000. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 by year five. Five-year ROI prints 121.07% and total cumulative return in cash totals $68,229.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,182/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1945

4.27 Acres lot

$N/A/sqft

No HOA

More details about the property

This unique property offers two parcels totaling 4.27 acres - one with a 1 bedroom, 1 bath home on 3.41 acres, plus a second parcel with 0.86 acres. Inside, the home features a bedroom, bathroom, and open space with no finished kitchen - giving you the chance to design your own layout and make it completely yours. Whether you dream of a custom chef's kitchen, a studio-style retreat, or a weekend getaway, the possibilities are endless. Set in a quiet neighborhood, the land offers room for gardening, recreation, or simply enjoying the privacy and peace of nearly 4.5 acres in town. The property is being sold AS-IS. Buyer to perform due diligence on measurements and land use. Don't miss this rare chance - opportunities like this don't come often! Parcels Included are 12-13-08-152-008.000-014 and 12-13-08-155-005.000-014

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