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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ottumwa at 222 W Maple Ave, Ottumwa, IA, 52501 priced at $120,000 converts $964/mo rent into $185/mo cash flow after a $587/mo obligation. Total monthly income equals $964/mo, and annual cash flow totals $2,220/yr on $39,780 invested. Return on cash invested prints 25.49% in year one, and rental yield reads 9.64% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 133.17% and total cumulative return in cash sums $52,975. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $964/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52501, Ottumwa, IA area.
| 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 |
Residential
12,449
Single Family
11,498
Multi-Family
951
Businesses
1,031
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Christina Nell • Bridge City Realty
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334108
