602 W Jefferson AveFairfieldIA52556
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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 Fairfield at 602 W Jefferson Ave, Fairfield, IA, 52556 uses $38,123 cash to close to unlock $1,344/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $859/mo, and a $563/mo payment keeps the spread at $112/mo. Purchase price stands at $115,000, and rental yield measures 8.96% with $859/mo rent. Return on cash invested shows 23.43% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 122.13% and total cumulative return in cash records $46,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $859/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,356 sqft 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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