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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

$ 1,450,000 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 $ 200,000

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Property Detail

Hotel in Colfax with free breakfast and 24-hour front desk Coffee/tea in a common area, laundry facilities, and a 24-hour front desk are available at this hotel. Free continental breakfast, free WiFi in public areas, and free self parking are also provided. Additionally, a computer station, express check-in, and express check-out are onsite. All 60 rooms offer free WiFi, coffee makers, and flat-screen TVs with cable channels. Other amenities available to guests include free weekday newspapers, free local calls, and hair dryers. Colfax Inn offers 60 air-conditioned accommodations with coffee/tea makers and complimentary weekday newspapers. Flat-screen televisions come with cable channels. Guests can surf the web using the complimentary wireless Internet access. Business-friendly amenities include phones along with free local calls (restrictions may apply). Additionally, rooms include hair dryers and irons/ironing boards. Microwaves and refrigerators can be requested.

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Why you should Invest?

IT can provide financial security. You know you can sell the home for more than you bought it if you hold it for a while. Real estate doesn’t depreciate, or usually, it doesn’t. Even though it’s a tangible asset, like a car, it appreciates rather than depreciates. Even if a home loses value, you can always count on it being worth something.

How much can you earn on this investment?

 

Estimate Total Investment

$ 1,450,000
 

Estimate Sale Price

$3,100,000

Estimate Sale Costs

$217,000.00 7%

Estimate Gross Profit

$1,433,000.00
Estimate Return on Investment (Total)

98.83%

Vairt's Share (ROI)

49.41%

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

49.41%

investment Graph

Financials

Sale Breakdown
Total Vairt Vairt Partner
Estimate Purchase Price $ 1,250,000 $875,000 $ 1,250,000
Estimate Rehab cost $ 200,000 $140,000 $ 200,000
Estimate Total Investment $ 1,450,000 $1,015,000.00 $ 1,450,000
Estimate Sale Price $ 3,100,000 1,550,000 1,550,000
Estimate Hold time 2.0 Years
Estimate Sale Costs $ 217,000
Estimate Gross Profit $ 1,433,000 716,500.00 $1,003,100 716,500.00
Estimate Management Fee $ 0
Estimate Net Profit $ 1,433,000 716,500.00 $1,003,100.00 716,500.00
Rental Breakdown
Total Partner
Estimate Gross rent per year 126,000.00 $126,000
Estimate Service charges $ 0
Estimate Cost $ 22905
Estimate Property Management $ 0
Estimate Property Insurance / Taxes $ 22905
Estimate Net rent $ 103,095.00 $103,095
Estimate Net dividend income $ 103,095.00 $51,547.50 $51,547.50
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
2.0 Years
Estimate Sale Price
$3,100,000

Rental yields

Total Investment
$1,450,000
Estimate Property Acquisition Cost
$1,250,000
Estimate Property rehabilitation cost
$200,000
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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