504 Fairway PlFairfieldIA52556
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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 Fairfield at 504 Fairway Pl, Fairfield, IA, 52556 priced at $489,000 converts $859/mo rent into after a $2,393/mo obligation. Total monthly income equals $859/mo. Return on cash invested prints 2.5% in year one, and rental yield reads 2.11% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 9.99% and total cumulative return in cash sums $16,198. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $859/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.36 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,728
Single Family
5,280
Multi-Family
448
Businesses
820
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Listed by: Tammy Dunbar • Fairfield Real Estate
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6310399
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.