902 3rd St, Victor, IA, 52347 | 6.66% Rental Yield

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902 3rd St, Victor, IA, 52347 | 6.66% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $916/mo, and a $808/mo payment. Purchase price stands at $165,000, and rental yield measures 6.66% with $916/mo rent. Return on cash invested shows 16.49% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 84.88% and total cumulative return in cash records $46,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $916/mo property income covering a $808/mo payment rather than investor’s personal income.

Single Family

Built in 1900

7,200 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully remodeled 2-bedroom, 1-bath home in Victor. Offering 1,104 SF of comfortable living space. The house sits on one level with a small 380 SF basment underneath good for storage. This home has been completely remodeled just 5 years ago and features a brand-new AC unit installed in 2023. The property includes lots of modern finishes including; fresh flooring, spacious living room, a stylish kitchen with updated cabinetry, and cozy bedrooms, new appliances when remodeled. Nice big two stall garage that is insulated and heated with a spray foamed roof. Garage was just painted and has an epoxy floor on it. That was done just 2 years ago as well. Situated in right off I-80 with a short trip away to get to Iowa City or Grinnell. If youre looking for a low maintenance and move in ready home this is it. If you are a serious buyer let me or my wife know and we can show the place. We can get more pictures if needed as well. Along with a more detailed list of receipts and everything we did on the place.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52347, Victor, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	616 (100%)
Owner Occupied HU	452 (73.4%)
Renter Occupied HU	115 (18.7%)
Vacant Housing Units	49 ( 8.0%)
Median Home Value	$146,324
Average Home Value	$241,444