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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% |
Investment property for sale in Ottumwa at 7 Carter Ct, Ottumwa, IA, 52501 listed at $221,000 pairs $1,456/mo rent with a $1,082/mo payment to leave $6/mo cash flow. Total monthly income runs $1,456/mo, and annual cash flow reaches $68/yr on $73,262 cash to close. Return on cash invested measures 20% in year one, and rental yield registers 7.91% at a $221,000 basis. Equity gained on principal adds $1,426/yr, and annual property appreciation at 5% supports $61,058 by year five. Five-year ROI tracks 103.85% and total cumulative return in cash totals $76,081. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,456/mo property income relative to a $1,082/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.25 Acres 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 |
|---|---|---|
| 2024-08-23 | Price change | $221,000 |
| 2024-07-09 | Listed for sale | $229,900 |
| 2017-08-31 | Sold | $85,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $3536.00 | -0.51% | $195,340 | 24.52% |
| 2022-10-16 | $3554.00 | 6.79% | $156,880 | -1.20% |
| 2021-10-16 | $3328.00 | -0.95% | $158,780 | 13.85% |
Listed by: Jeffry Alexander • Jefferson County Realty Inc.
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6319072
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.
