319 Hamilton StOttumwaIA52501
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 319 Hamilton St, Ottumwa, IA, 52501 priced at $154,000 converts $1,320/mo rent into $320/mo cash flow after a $754/mo obligation. Total monthly income equals $1,320/mo, and annual cash flow totals $3,835/yr on $51,051 invested. Return on cash invested prints 27.42% in year one, and rental yield reads 10.29% against a $154,000 entry. Equity gained on principal adds $994/yr, while 5% annual appreciation compiles into $42,547 by year five. Five-year ROI reaches 143.58% and total cumulative return in cash sums $73,298. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $754/mo payment, not borrower’s personal income.
Single Family
Built in 1920
8,276 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