305 Minneopa 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
Rental property for sale in Ottumwa at 305 Minneopa Ave, Ottumwa, IA, 52501 priced at $179,000 pairs $1,320/mo rent with $158/mo cash flow after a $876/mo payment. Total monthly income equals $1,320/mo, and annual cash flow comes to $1,891/yr on $59,339 invested. Return on cash invested is 23.1% in year one, and rental yield stands at 8.85% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 120.37% and total cumulative return in cash reaches $71,427. For financing, Ziffy Mortgage’s DSCR program evaluates $1,320/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
0.70 Acres 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: Joella Turner • RE/MAX Pride-Ottumwa
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325783
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.