203 6th St, Fairbank, IA, 50629 | 7.42% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Fairbank at 203 6th St, Fairbank, IA, 50629 offers a 7.42% rental yield on a $225,000 purchase with $1,392/mo rent. 8% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 97.27% and total cumulative return in cash at $72,549. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,392/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1966

0.27 Acres 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