803 S Main StFairfieldIA52556
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 803 S Main St, Fairfield, IA, 52556 in Fairfield fits: $312,000, 3.3% gross yield, and a projected 5% annual appreciation rate adding $86,200 in value within five years. Rental yield 3.3%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.61) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $2,874/yr in principal paydown and $86,200 in appreciation project a total return of $39,225.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 7.0% |
| Monthly Cash Flow | $(1,240) | $300 |
City averages based on Fairfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $859 |
| Total Monthly Debt Service | $1,975 |
| DSCR Ratio | 0.43x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1949
3.56 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
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 1949
3.56 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa K Cohen • Village Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327468
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.