1203 N Fellows AveOttumwaIA52501
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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
Rental property for sale in Ottumwa at 1203 N Fellows Ave, Ottumwa, IA, 52501 priced at $144,500 converts $1,247/mo rent into $309/mo cash flow after a $707/mo obligation. Total monthly income equals $1,247/mo, and annual cash flow totals $3,706/yr on $47,902 invested. Return on cash invested prints 27.64% in year one, and rental yield reads 10.36% against a $144,500 entry. Equity gained on principal adds $932/yr, while 5% annual appreciation compiles into $39,923 by year five. Five-year ROI reaches 144.76% and total cumulative return in cash sums $69,343. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,247/mo property income covering a $707/mo payment, not borrower’s personal income.
Single Family
Built in 1946
7,540 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52501, Ottumwa, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,418 (100%) |
| Owner Occupied HU | 8,019 (59.8%) |
| Renter Occupied HU | 3,871 (28.8%) |
| Vacant Housing Units | 1,528 (11.4%) |
| Median Home Value | $141,927 |
| Average Home Value | $197,013 |
Housing Distribution
Address Breakdown
Residential
12,449
Single Family
11,498
Multi-Family
951
Businesses
1,031
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