1848 Richmond AveOttumwaIA52501
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1848 Richmond Ave, Ottumwa, IA, 52501 in Ottumwa speaks for itself: 12.86% gross on a $162,900 price, generating $1,746/mo in rent and $671/mo in net income after the $733/mo debt service. DSCR 2.38, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,048 stacks alongside $45,006 in projected five-year appreciation and $1,500/yr in principal reduction. Projected total cumulative return: $105,188.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 7.5% |
| Monthly Cash Flow | $671 | $300 |
City averages based on Ottumwa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,746 |
| Total Monthly Debt Service | $1,011 |
| DSCR Ratio | 1.73x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1946
7,405 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
Nearby investment properties with comparable rents
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
Single Family
Built in 1946
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zachary Short • HomeGate Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6321229
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.