247 Kelso Ln, Fairfax, IA, 52228 | $491/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1260 sft

235 Highland Dr NW, Cedar Rapids, IA, 52405

Investment Property+ 1 more

3 Bed
3 Bath
2100 sft

1027 Acacia Dr NE, Cedar Rapids, IA, 52402

3 Bed
1 Bath
1299 sft

3206 Soutter Ave SE, Cedar Rapids, IA, 52403

- Bed
2 Bath
1076 sft

110 Wild Rose Ln, Solon, IA, 52333

Nearby investment properties with comparable prices

4 Bed
2 Bath
2025 sft

259 27th Ave SW, Cedar Rapids, IA, 52404

3 Bed
1 Bath
1226 sft

1821 Ridgewood Ter SE, Cedar Rapids, IA, 52403

2 Bed
3 Bath
1526 sft

4663 Pintail Ct, Marion, IA, 52302

3 Bed
2 Bath
1650 sft

2001 Washington Ave SE, Cedar Rapids, IA, 52403

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Fairfax at 247 Kelso Ln, Fairfax, IA, 52228 earns $491/mo cash flow from $1,880/mo rent with a $1,047/mo payment. Total monthly income totals $1,880/mo, and annual cash flow totals $5,889/yr on $70,908 capital. ROI tracks 28.21% on current figures, and rental yield reads 10.55% at a $213,900 purchase. Equity gained on principal adds $1,380/yr, and 5% annual appreciation supports $59,097 over five years. Five-year ROI reaches 147.78% and total cumulative return in cash sums $104,788. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,880/mo property income instead of your personal income.

Condo

Built in 2006

N/A lot

$N/A/sqft

No HOA