51 E Broadway Ave #202, Fairfield, IA, 52556 | 4.21% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

51 E Broadway Ave #202, Fairfield, IA, 52556 | 4.21% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

1 Bed
1 Bath
694 sft

51 E Broadway Ave #303, Fairfield, IA, 52556

1 Bed
1 Bath
590 sft

51 E Broadway Ave SUITE 204, Fairfield, IA, 52556

1 Bed
1 Bath
912 sft

51 E Broadway Ave #205, Fairfield, IA, 52556

1 Bed
1 Bath
620 sft

51 E Broadway Ave SUITE 203, Fairfield, IA, 52556

Nearby investment properties with comparable prices

3 Bed
3 Bath
1144 sft

305 N Vine St, Agency, IA, 52530

4 Bed
2 Bath
1218 sft

522 N Vine St, Agency, IA, 52530

4 Bed
2 Bath
960 sft

510 N Vine St, Agency, IA, 52530

4 Bed
2 Bath
1700 sft

110 N College St, Agency, IA, 52530

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 Fairfield at 51 E Broadway Ave #202, Fairfield, IA, 52556 earns from $824/mo rent with a $1,150/mo payment. Total monthly income totals $824/mo. ROI tracks 9.1% on current figures, and rental yield reads 4.21% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 45.26% and total cumulative return in cash sums $35,260. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $824/mo property income instead of your personal income.

Condo

Built in 1900

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Sleek, stylish, & one-of-a-kindwelcome to 51 E Broadway, a fully renovated gem in the heart of Fairfields town square where historic charm meets bold modern design. Unit #202 boasts a turret dining nook, sintered stone kitchen countertops and island, 12ft ceilings and extra storage compartments above the closets and bathroom. Enjoy a custom, modern European style kitchen with all-new appliances; including a Blomberg refrigerator, dishwasher, glass cooktop and full-sized oven. Baseboard radiant heaters & multiple mini-splits for heating and cooling. The bathroom includes a walk-in rainfall shower with a fluted glass-panel door & granite shower base, ceramic tile floors and toe-kick lighting. Restored vintage wood floors and trim, concrete window sills, walk-in-closets & designer lighting fixtures give this condo a luxurious vibe from top to bottom. Every unit has abundant natural light & upscale finishes; including brand new windows, plumbing, electrical, HVAC, washer/dryer, drywall, steel fire doors & soundproofing between units. The building offers premium HOA perks like high-speed internet, cable, trash service, elevator access, basement storage units, a fitness room, & thoughtfully designed common areas. Set in one of the most architecturally distinct buildings in town, you can own a rare piece of Fairfields history with interiors that truly feel like a work of art.

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