103 Grove StFairbankIA50629
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 103 Grove St, Fairbank, IA, 50629 in Fairbank. At $134,500 it earns $1,334/mo in rent and distributes $461/mo to the owner after the $605/mo payment, a consistent 11.91% yield. DSCR 2.20 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $37,160 in value; $1,239/yr in principal paydown compounds ownership stake. Total projected return: $80,814.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.0% |
| Monthly Cash Flow | $461 | $400 |
City averages based on Fairbank market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,334 |
| Total Monthly Debt Service | $820 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1890
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50629, Fairbank, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 920 (100%) |
| Owner Occupied HU | 683 (74.2%) |
| Renter Occupied HU | 157 (17.1%) |
| Vacant Housing Units | 80 ( 8.7%) |
| Median Home Value | $220,109 |
| Average Home Value | $255,395 |
Housing Distribution
Address Breakdown
Residential
738
Single Family
738
Multi-Family
0
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1890
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50629, Fairbank, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 920 (100%) |
| Owner Occupied HU | 683 (74.2%) |
| Renter Occupied HU | 157 (17.1%) |
| Vacant Housing Units | 80 ( 8.7%) |
| Median Home Value | $220,109 |
| Average Home Value | $255,395 |
Housing Distribution
Address Breakdown
Residential
738
Single Family
738
Multi-Family
0
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
