Well, yes but it's basically 2 or 3 events spaced out. Extract, plug the base with a new anchor is day 1. Sore weekend, eat soft foods for a day or 3.
Then wait for a few months, then get the new tooth.
It's best with a lower tooth not to go longer than necessary, to avoid any issues with it's upper partner.
Mine was about $4k, in 2016, insurance paid part of it as I was still on employer/cobra. But even then my part was about $2500. Honestly looks and feels better than the root/crown I had for decades.
Similar to the OP, mine was replacing a tooth that had a root canal 20+ years prior which was now coming loose. As long as I have the jaw and gums, a straight implant to fully replace a tooth is the way I'd go. No bridge or multi-tooth implants in chunks, I hope.