202 W Maple AveOttumwaIA52501
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
Investment Highlights
Rental property for sale in Ottumwa at 202 W Maple Ave, Ottumwa, IA, 52501 generates $1,510/mo in rent, after a $2,203/mo payment. Total monthly income is $1,510/mo. Return on cash invested sits at 8.54% in year one, and rental yield is 4.03% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 42.28% and total cumulative return in cash sums $63,078. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,510/mo property income rather than buyer’s personal income.
Apartment
Built in 1976
6,969 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: Kayla McConnell • RE/MAX Pride-Ottumwa
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6329165
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.