903 E Pennsylvania 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
Investment property for sale in Ottumwa at 903 E Pennsylvania Ave, Ottumwa, IA, 52501 uses $39,747 cash to close to unlock $1,946/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $941/mo, and a $587/mo payment keeps the spread at $162/mo. Purchase price stands at $119,900, and rental yield measures 9.42% with $941/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 129.61% and total cumulative return in cash records $51,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $941/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1955
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
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Listed by: Jason J Carter • RE/MAX Pride Oskaloosa
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6329333
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.