Real Estate Investment Properties for Sale in Fairfax, IA

Looking for investment property in Fairfax, IA with high ROI ?

Explore a variety of short-term homes & houses in Fairfax, IA. Invest wisely with VRBO & Fairfax, IA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Fairfax, IA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1418 Cardinal Dr Fairfax, IA	3 beds \| 2 baths \| 2,209 sq.ft.	$399,900	Airbnb cash on cash: -0.49% Traditional cash on cash: 4.95% Airbnb Rental Income: $1266 Traditional Rental Income: $2908 Airbnb ROI: -0.49% Traditional ROI: 4.95%
1421 Applewood Dr Fairfax, IA This one's for anyone ready for a fresh start, whether that's your first home, your next c...	2 beds \| 2 baths \| 1,275 sq.ft.	$265,000	Airbnb cash on cash: -2.22% Traditional cash on cash: 5.98% Airbnb Rental Income: $589 Traditional Rental Income: $2353 Airbnb ROI: -2.22% Traditional ROI: 5.98%
506 Meadow Oak Cir Fairfax, IA Welcome home to this beautifully maintained zero-entry condo designed for easy living and ...	3 beds \| 3 baths \| 2,400 sq.ft.	$289,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 4.21% Airbnb Rental Income: $1266 Traditional Rental Income: $2079 Airbnb ROI: -0.24% Traditional ROI: 4.21%
150 W Cemetery Rd Rd Fairfax, IA RARE FIND!!! Park like acreage in desirable Fairfax! The WOW factor starts with the large ...	4 beds \| 2 baths \| 2,921 sq.ft.	$544,900	Airbnb cash on cash: -1.14% Traditional cash on cash: 4.15% Airbnb Rental Income: $1051 Traditional Rental Income: $3380 Airbnb ROI: -1.14% Traditional ROI: 4.15%
252 Park St Fairfax, IA Lots of potential!Nice open floor plan on dead end street.Basement does have an extra room...	1 beds \| 1 baths \| 1,315 sq.ft.	$215,000	Airbnb cash on cash: -1.75% Traditional cash on cash: 3.48% Airbnb Rental Income: $532 Traditional Rental Income: $1320 Airbnb ROI: -1.75% Traditional ROI: 3.48%
1395 Applewood Dr Fairfax, IA	3 beds \| 3 baths \| 2,474 sq.ft.	$325,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 8.47% Airbnb Rental Income: $1266 Traditional Rental Income: $3558 Airbnb ROI: -0.34% Traditional ROI: 8.47%
1435 Cardinal Dr Fairfax, IA 1435 Cardinal Dr, Fairfax, IA 52228 \| Single Family Residential	4 beds \| 3 baths \| 2,350 sq.ft.	$467,500	Airbnb cash on cash: -1.2% Traditional cash on cash: 4.56% Airbnb Rental Income: $1051 Traditional Rental Income: $3209 Airbnb ROI: -1.2% Traditional ROI: 4.56%
1443 Cardinal Dr Fairfax, IA 1443 Cardinal Dr, Fairfax, IA 52228 \| Single Family Residential	4 beds \| 3 baths \| 2,266 sq.ft.	$449,999	Airbnb cash on cash: -1.15% Traditional cash on cash: 4.79% Airbnb Rental Income: $1051 Traditional Rental Income: $3188 Airbnb ROI: -1.15% Traditional ROI: 4.79%
569 Meadow Oak Cir Fairfax, IA	3 beds \| 3 baths \| 2,098 sq.ft.	$345,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 7.09% Airbnb Rental Income: $1266 Traditional Rental Income: $3435 Airbnb ROI: -0.84% Traditional ROI: 7.09%
1601 Heartland St Fairfax, IA 1601 Heartland St, Fairfax, IA 52228 \| Single Family Residential	7 beds \| 4 baths \| 4,112 sq.ft.	$875,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.06% Airbnb Rental Income: $null Traditional Rental Income: $3860 Airbnb ROI: N/A Traditional ROI: 2.06%
565 Meadow Oak Cir Fairfax, IA	3 beds \| 3 baths \| 2,098 sq.ft.	$350,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 6.95% Airbnb Rental Income: $1266 Traditional Rental Income: $3435 Airbnb ROI: -0.86% Traditional ROI: 6.95%
567 Meadow Oak Cir Fairfax, IA	3 beds \| 3 baths \| 2,131 sq.ft.	$355,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 6.82% Airbnb Rental Income: $1266 Traditional Rental Income: $3435 Airbnb ROI: -0.88% Traditional ROI: 6.82%
831 Heartland Ct Fairfax, IA This above average home just might check all the boxes! Location- Backs up to green space,...	4 beds \| 3 baths \| 2,229 sq.ft.	$317,500	Airbnb cash on cash: -0.92% Traditional cash on cash: 8.34% Airbnb Rental Income: $1051 Traditional Rental Income: $3454 Airbnb ROI: -0.92% Traditional ROI: 8.34%
568 Meadow Oak Cir Fairfax, IA 568 Meadow Oak Cir, Fairfax, IA 52228 \| Condo/Coop	3 beds \| 3 baths \| 2,132 sq.ft.	$280,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 8.94% Airbnb Rental Income: $1266 Traditional Rental Income: $3336 Airbnb ROI: -0.42% Traditional ROI: 8.94%
1536 Deerfield Dr Fairfax, IA Irie Homes Pre-Sold! More lots available in this highly desirable Heartland Heights neighb...	4 beds \| 3 baths \| 2,635 sq.ft.	$616,506	Airbnb cash on cash: 0.02% Traditional cash on cash: 4.61% Airbnb Rental Income: $1051 Traditional Rental Income: $3333 Airbnb ROI: 0.02% Traditional ROI: 4.61%
1523 Eagleview Dr Fairfax, IA This Irie Homes "Sage" walkout Floor Plan is well thought through! Split bedrooms with the...	5 beds \| 3 baths \| 2,667 sq.ft.	$649,716	Airbnb cash on cash: N/A Traditional cash on cash: 2.87% Airbnb Rental Income: $null Traditional Rental Income: $3381 Airbnb ROI: N/A Traditional ROI: 2.87%
452 Sunset Dr Fairfax, IA Homes this well taken care of in Fairfax are hard to come by so don't miss out again! This...	4 beds \| 3 baths \| 3,007 sq.ft.	$449,950	Airbnb cash on cash: -0.8% Traditional cash on cash: 5.25% Airbnb Rental Income: $1051 Traditional Rental Income: $3232 Airbnb ROI: -0.8% Traditional ROI: 5.25%
1388 Cardinal Dr Fairfax, IA 1388 Cardinal Dr, Fairfax, IA 52228 \| Single Family Residential	4 beds \| 3 baths \| 2,725 sq.ft.	$499,900	Airbnb cash on cash: -1.29% Traditional cash on cash: 4.46% Airbnb Rental Income: $1051 Traditional Rental Income: $3373 Airbnb ROI: -1.29% Traditional ROI: 4.46%
6900 Williams Blvd Blvd Fairfax, IA	3 beds \| 1 baths \| 1,120 sq.ft.	$299,950	Airbnb cash on cash: 0.19% Traditional cash on cash: 3.31% Airbnb Rental Income: $1266 Traditional Rental Income: $1748 Airbnb ROI: 0.19% Traditional ROI: 3.31%
426 Prairie View Dr Fairfax, IA 426 Prairie View Dr, Fairfax, IA 52228 \| Single Family Residential	4 beds \| 3 baths \| 3,084 sq.ft.	$472,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 4.23% Airbnb Rental Income: $1051 Traditional Rental Income: $3089 Airbnb ROI: -1.21% Traditional ROI: 4.23%
7405 Beverly Rd SW Fairfax, IA	3 beds \| 3 baths \| 1,720 sq.ft.	$465,000	Airbnb cash on cash: -0.78% Traditional cash on cash: 3.24% Airbnb Rental Income: $1266 Traditional Rental Income: $2613 Airbnb ROI: -0.78% Traditional ROI: 3.24%

Real Estate investment in Fairfax, IA

There are 21 properties for sale in the city of Fairfax . The median list price in Fairfax is $424,746 and the average price per square foot is $181. In August 2026, the average monthly cash on cash return in Fairfax is 5.00%. The average monthly rental income in Fairfax is $3,333.

Fairfax, IA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 21 investment properties available for sale in Fairfax.

In 2026, the best neighborhood to buy investment property is Fairfax.

The ROI for Long-Term is higher than the Short-Term in Fairfax with average rental income of $3,333.

Your search for investment property begins and ends here

Investment Property for Sale in Fairfax, IA

1418 Cardinal Dr

Fairfax, IA

3 beds | 2 baths | 2,209 sq.ft.

$399,900

Airbnb cash on cash: -0.49%

Traditional cash on cash: 4.95%

Airbnb Rental Income: $1266

Traditional Rental Income: $2908

Airbnb ROI: -0.49%

Traditional ROI: 4.95%

1421 Applewood Dr

Fairfax, IA

2 beds | 2 baths | 1,275 sq.ft.

$265,000

Airbnb cash on cash: -2.22%

Traditional cash on cash: 5.98%

Airbnb Rental Income: $589

Traditional Rental Income: $2353

Airbnb ROI: -2.22%

Traditional ROI: 5.98%

506 Meadow Oak Cir

Fairfax, IA

3 beds | 3 baths | 2,400 sq.ft.

$289,000

Airbnb cash on cash: -0.24%

Traditional cash on cash: 4.21%

Airbnb Rental Income: $1266

Traditional Rental Income: $2079

Airbnb ROI: -0.24%

Traditional ROI: 4.21%

150 W Cemetery Rd Rd

Fairfax, IA

4 beds | 2 baths | 2,921 sq.ft.

$544,900

Airbnb cash on cash: -1.14%

Traditional cash on cash: 4.15%

Airbnb Rental Income: $1051

Traditional Rental Income: $3380

Airbnb ROI: -1.14%

Traditional ROI: 4.15%

252 Park St

Fairfax, IA

1 beds | 1 baths | 1,315 sq.ft.

$215,000

Airbnb cash on cash: -1.75%

Traditional cash on cash: 3.48%

Airbnb Rental Income: $532

Traditional Rental Income: $1320

Airbnb ROI: -1.75%

Traditional ROI: 3.48%

1395 Applewood Dr

Fairfax, IA

3 beds | 3 baths | 2,474 sq.ft.

$325,000

Airbnb cash on cash: -0.34%

Traditional cash on cash: 8.47%

Airbnb Rental Income: $1266

Traditional Rental Income: $3558

Airbnb ROI: -0.34%

Traditional ROI: 8.47%

1435 Cardinal Dr

Fairfax, IA

4 beds | 3 baths | 2,350 sq.ft.

$467,500

Airbnb cash on cash: -1.2%

Traditional cash on cash: 4.56%

Airbnb Rental Income: $1051

Traditional Rental Income: $3209

Airbnb ROI: -1.2%

Traditional ROI: 4.56%

1443 Cardinal Dr

Fairfax, IA

4 beds | 3 baths | 2,266 sq.ft.

$449,999

Airbnb cash on cash: -1.15%

Traditional cash on cash: 4.79%

Airbnb Rental Income: $1051

Traditional Rental Income: $3188

Airbnb ROI: -1.15%