138 Minnesota StOttumwaIA52501
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Nearby investment properties with comparable prices
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 138 Minnesota St, Ottumwa, IA, 52501 at $135,000 posts ROI 31.79% with $443/mo cash flow from $1,320/mo rent. Total monthly income equals $1,320/mo, and annual cash flow records $5,316/yr on $44,753 to close. Return on cash invested measures 31.79% and rental yield reads 11.73% at the current $135,000. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 by year five. Five-year ROI prints 166.95% and total cumulative return in cash totals $74,713.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,320/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1945
7,840 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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Listed by: Anthony J Gevock • RE/MAX Pride-Ottumwa
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6330367
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.