174 Carter 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
Investment property for sale in Ottumwa at 174 Carter Ave, Ottumwa, IA, 52501 with 5% annual appreciation on a $162,200 basis while $1,938/mo rent supports operations. Total monthly income totals $1,938/mo and a $794/mo payment preserves $866/mo for cash returns. Annual cash flow comes to $10,393/yr on $53,769 deployed, and return on cash invested reaches 39.24% in year one. Equity gained on principal adds $1,047/yr, and five-year appreciation sums $44,813 alongside rental yield of 14.34%. Five-year ROI measures 207.14% and total cumulative return in cash totals $111,380.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,938/mo property income versus a $794/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
4,720 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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