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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% |
Rental property for sale in Fairfield at 2114 Ruby Ln, Fairfield, IA, 52556 generates $1,020/mo in rent, after a $857/mo payment. Total monthly income is $1,020/mo. Return on cash invested sits at 17.49% in year one, and rental yield is 6.99% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 90.26% and total cumulative return in cash sums $52,363. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Condo
Built in 2017
3,049 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lisa Moseley • Fairfield Real Estate
Mls Name: NoCoast MLS
Mls ID: #6330631
