1221 N Court StOttumwaIA52501
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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
Investment property for sale in Ottumwa at 1221 N Court St, Ottumwa, IA, 52501 earns from $899/mo rent with a $812/mo payment. Total monthly income totals $899/mo. ROI tracks 16.01% on current figures, and rental yield reads 6.5% at a $166,000 purchase. Equity gained on principal adds $1,071/yr, and 5% annual appreciation supports $45,863 over five years. Five-year ROI reaches 82.41% and total cumulative return in cash sums $45,349. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $899/mo property income instead of your personal income.
Multi Family
Built in 1929
9,583 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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