319 S Main StFayetteIA52142
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 319 S Main St, Fayette, IA, 52142 in Fayette: $1,450/mo in rent, $287/mo in net income, 9.72% gross yield, 1.80 DSCR, all at $179,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $49,454 in appreciation and $1,649/yr in principal paydown projects total cumulative return of $86,631.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.0% |
| Monthly Cash Flow | $287 | $300 |
City averages based on Fayette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,450 |
| Total Monthly Debt Service | $1,091 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52142, Fayette, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 645 (100%) |
| Owner Occupied HU | 371 (57.5%) |
| Renter Occupied HU | 163 (25.3%) |
| Vacant Housing Units | 111 (17.2%) |
| Median Home Value | $167,585 |
| Average Home Value | $211,799 |
Housing Distribution
Address Breakdown
Residential
367
Single Family
355
Multi-Family
12
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52142, Fayette, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 645 (100%) |
| Owner Occupied HU | 371 (57.5%) |
| Renter Occupied HU | 163 (25.3%) |
| Vacant Housing Units | 111 (17.2%) |
| Median Home Value | $167,585 |
| Average Home Value | $211,799 |
Housing Distribution
Address Breakdown
Residential
367
Single Family
355
Multi-Family
12
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices