410 Lakeside DrFairbankIA50629
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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
Investment property for sale in Fairbank at 410 Lakeside Dr, Fairbank, IA, 50629 with 5% annual appreciation on a $299,900 basis while $1,840/mo rent supports operations. 61% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 7.36%. Five-year ROI measures 96.29% and total cumulative return in cash totals $95,728. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,840/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1976
9,583 sqft 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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