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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% |
Rental property for sale in Colfax at 650 E Division St, Colfax, IA, 50054 priced at $224,000 converts $1,940/mo rent into $479/mo cash flow after a $1,096/mo obligation. Total monthly income equals $1,940/mo, and annual cash flow totals $5,753/yr on $74,256 invested. Return on cash invested prints 27.66% in year one, and rental yield reads 10.39% against a $224,000 entry. Equity gained on principal adds $1,445/yr, while 5% annual appreciation compiles into $61,887 by year five. Five-year ROI reaches 144.85% and total cumulative return in cash sums $107,563. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,940/mo property income covering a $1,096/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.25 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-07-22 | Sold | $224,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-24 | $3478.00 | 4.89% | $191,930 | N/A |
| 2023-07-24 | $3316.00 | 10.98% | $191,930 | 24.26% |
| 2022-07-24 | $2988.00 | 7.64% | $154,460 | 8.78% |
Listed by: Misty Darling • BH&G Real Estate Innovations
Mls Name: DMMLS
Mls Provider:
Mls ID: #723011
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.
