306 S 4th StFairbankIA50629
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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
Investment Highlights
Rental property for sale in Fairbank at 306 S 4th St, Fairbank, IA, 50629 generates $1,301/mo in rent and, after a $660/mo payment, leaves $425/mo in cash flow. Total monthly income is $1,301/mo, and annual cash flow is $5,102/yr on $44,719 invested. Return on cash invested sits at 31.32% in year one, and rental yield is 11.57% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 164.53% and total cumulative return in cash sums $73,577. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,301/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.56 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 |
Housing Distribution
Address Breakdown
Residential
738
Single Family
738
Multi-Family
0
Businesses
51
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