2142 Garnet Ln, Fairfield, IA, 52556 | 5.08% Rental Yield

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2142 Garnet Ln, Fairfield, IA, 52556 | 5.08% Rental Yield | Ziffy

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 Fairfield at 2142 Garnet Ln, Fairfield, IA, 52556 listed at $241,000 pairs $1,020/mo rent with a $1,180/mo payment. Total monthly income runs $1,020/mo. Return on cash invested measures 11.71% in year one, and rental yield registers 5.08% at a $241,000 basis. Equity gained on principal adds $1,555/yr, and annual property appreciation at 5% supports $66,584 by year five. Five-year ROI tracks 59.34% and total cumulative return in cash totals $47,404. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,020/mo property income relative to a $1,180/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2019

3,049 sqft lot

$N/A/sqft

No HOA

More details about the property

Come see this bright, beautiful 2 bedroom, 2 bath townhouse with high ceilings, and lots of abundant natural sunlight streaming in all day from the east, south and west windows. Enjoy custom hardwood floors from Green Building supply, expansive high ceilings, and extra skylights that create a bright, open feel. Kitchen upgrades include soft-close concealed hinges on cabinets and drawers, and a tile backsplash behind the stove. Step outside to your spacious front porch, perfect for relaxing and entertaining with plenty of room for seating, BBQ, and potted plants. A detached enclosed garage, plus additional parking add unbeatable convenience. Located in a peaceful, friendly neighborhood, this home comes with all the essentialsdishwasher, fridge, washer, dryer, and blinds included. ERV Air Exchanger brings in fresh air from outside that gets heated in the winter. Buyer can purchase the whole house water filtration system installed in the basement, and the RO system under kitchen sink for an extra fee (otherwise seller reserves these 2 items.) Please note that the HOA fees include $115 monthly for the Garnet Lane HOA, and $600 annually for the NCV HOA, totaling $165 per month. Covenants apply. All interested candidates must apply for MIU verification at northcampusvillage.com (click on the bottom middle of the home page for the MIU Verification Application.) Move-in ready and full of charm. Call today for your appointment.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52556, Fairfield, IA area.

Housing Distribution

Housing Statistics

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