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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 Fairfield at 1000 Pleasant Plain Rd APT 202, Fairfield, IA, 52556 listed at $189,000 pairs $859/mo rent with a $925/mo payment. Total monthly income runs $859/mo. Return on cash invested measures 9.98% in year one, and rental yield registers 5.45% at a $189,000 basis. Equity gained on principal adds $1,220/yr, and annual property appreciation at 5% supports $52,217 by year five. Five-year ROI tracks 51.06% and total cumulative return in cash totals $31,990. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $859/mo property income relative to a $925/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
5,662 sqft lot
$N/A/sqft
$450 quarterly HOA
Neighborhood data shown for ZIP Code: 52556, Fairfield, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,288 (100%) |
| Owner Occupied HU | 3,507 (55.8%) |
| Renter Occupied HU | 2,071 (32.9%) |
| Vacant Housing Units | 710 (11.3%) |
| Median Home Value | $188,780 |
| Average Home Value | $222,983 |
Residential
5,728
Single Family
5,280
Multi-Family
448
Businesses
820
Date | Event | Price |
|---|---|---|
| 2025-03-06 | Listed for sale | $189,000 |
| 2021-08-02 | Sold | $155,000 |
| 2018-10-01 | Sold | $97,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $2564.00 | 6.21% | $149,600 | N/A |
| 2023-05-01 | $2414.00 | 24.82% | $149,600 | 28.41% |
| 2022-05-01 | $1934.00 | 0.21% | $116,500 | 11.59% |
Listed by: Lisa Murguia • Fairfield Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325453
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.
