545 Morris StOttumwaIA52501
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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 545 Morris St, Ottumwa, IA, 52501 generates $1,320/mo in rent and, after a $874/mo payment, leaves $160/mo in cash flow. Total monthly income is $1,320/mo, and annual cash flow is $1,925/yr on $59,173 invested. Return on cash invested sits at 23.16% in year one, and rental yield is 8.87% on a $178,500 entry. Equity gained on principal adds $1,152/yr, while 5% annual appreciation builds toward $49,316 over five years. Five-year ROI reaches 120.75% and total cumulative return in cash sums $71,450. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.32 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: Patrick Short • HomeGate Real Estate
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321261
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.