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ROI
OPEN FOR INVESTMENT

63 Rooms Colfax Inn value added Hotel

1402 N Walnut St, Colfax, IA 50054, USA

63 Bedrooms 63 Bathrooms

Offered by Vairt

$ 1,600,000 Total Investment $ 25,000 Minimum Investment

  • Indicative yields calculated based on property price and current and estimated rents. Historical results are not indicative of future returns. Long term returns will vary with market conditions. Please review risk warnings.

    Est. Property Acquisition Cost $ 1,250,000
  • Indicative yields calculated based on property price and current and estimated rents. Historical results are not indicative of future returns. Long term returns will vary with market conditions. Please review risk warnings.

    Est. Property rehabilitation cost $ 350,000

Explore this project

Property Detail

Investment opportunity in Colfax, Iowa! This hospitality property offers a convenient highway location just off Interstate 80. The building, which was renovated in 2011, features 24,000 square feet and 2 stories with a total of 63 rooms. The property sits on a 2.75-acre lot and includes interior corridors and a parking ratio of 2.75/1,000 SF. The Colfax Inn offers spacious guest rooms with free WiFi, cable TV with the HBO movie channel, and simple guest rooms with wood furniture and carpeted floors. Microwaves and refrigerators are available upon request. Additionally, the motel includes a business center with fax and photocopying services, as well as on-site laundry facilities for added convenience. Don't miss out on this fantastic investment opportunity!

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Why you should Invest?

Investing with Vairt provides a unique opportunity to earn passive income while also aligning with your personal values as a Muslim. Vairt's investment platform offers a halal investment opportunity by adhering to Islamic finance principles. With a simple investment process, you can purchase shares in distressed hotel properties starting at $25,000 and earn monthly rental income based on your ownership. Vairt's strategy involves purchasing and renovating properties to generate higher returns than the industry average, making it a secure and profitable way to diversify your investment portfolio. Additionally, Vairt offers a buyback guarantee for easy withdrawal and ensures that our entire system is free from interest and compliant with Shariah law. Overall, investing with Vairt provides a secure, halal, and profitable way to achieve your financial goals and prepare for retirement.

How much can you earn on this investment?

 

Estimate Total Investment

$ 1,600,000
 

Estimate Sale Price

$3,100,000

Estimate Sale Costs

$217,000.00 7%

Estimate Gross Profit

$1,283,000.00
Estimate Return on Investment (Total)

80.19%

Vairt's Share (ROI)

40.09%

Partners's Share (ROI)

Investment >= 25000: you will got 30% of profit share
Investment >= $50,000: you will got 40% of profit share
Investment >= $100,000 : you will got 50% of profit share

40.09%

investment Graph

Financials

Sale Breakdown
Total Vairt Vairt Partner
Estimate Purchase Price $ 1,250,000 $875,000 $ 1,250,000
Estimate Rehab cost $ 350,000 $245,000 $ 350,000
Estimate Total Investment $ 1,600,000 $1,120,000.00 $ 1,600,000
Estimate Sale Price $ 3,100,000 1,550,000 1,550,000
Estimate Hold time 5.0 Years
Estimate Sale Costs $ 217,000
Estimate Gross Profit $ 1,283,000 641,500.00 $898,100 641,500.00
Estimate Management Fee $ 0
Estimate Net Profit $ 1,283,000 641,500.00 $898,100.00 641,500.00
Rental Breakdown
Total Partner
Estimate Gross rent per year 113,760.00 $113,760
Estimate Service charges $ 0
Estimate Cost $ 0
Estimate Property Management $ 0
Estimate Property Insurance / Taxes $ 0
Estimate Net rent $ 113,760.00 $113,760
Estimate Net dividend income $ 113,760.00 $56,880.00 $56,880.00
Estimate Net dividend yield 7.11 %* 3.56% 3.56
Only 2 decimal places shown. Calculation carried on actual numbers. Some rounding discrepancies may appear.

Property key info

Min investment amount
$25,000
Number of investors
(1)
Suggested holding period
5.0 Years
Estimate Sale Price
$3,100,000

Rental yields

Total Investment
$1,600,000
Estimate Property Acquisition Cost
$1,250,000
Estimate Property rehabilitation cost
$350,000
Frequency
Monthly

Confidential property Documents

Amenities View All

  • Dishwasher
  • Fireplace
  • Washer/dryer
  • Carpets
  • Public Park
  • Storage
  • Laundry Room
  • Electric
  • Freezer
  • Partially finished
  • Family room
  • Master bath
  • Attic
  • Ceiling fans
  • Double pane/storm windows
  • Skylights
  • City
  • Built-up
  • Off-street
  • On-street
  • Balcony/patio
  • Lawn
  • Porch
  • Brick
  • Cement / Concrete
  • Contemporary
  • Near transportation
  • Sports court

Location on Map

Brokerage & Construction partner

Construction Partners

  • Coscob LLC

Property Management Partner

  • Marifah Inn

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