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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Ottumwa, IA
Listed for sale 1 day ago
$ 115,000
ROI
30.0
Cash Flow/m
327- 2 Bed
- 1 Bath
- 864 sft
534 Morris St, Ottumwa, IA, 52501
Listed for sale 2 days ago
$ 135,000
ROI
25.0Cash Flow/m
197- 2 Bed
- 2 Bath
- 962 sft
1928 Greenwood Dr, Ottumwa, IA, 52501
Listed for sale 4 days ago
$ 169,000
ROI
24.5Cash Flow/m
222- 3 Bed
- 2 Bath
- 1505 sft
7606 Cliffland Rd, Ottumwa, IA, 52501
Listed for sale 4 days ago
$ 169,000
ROI
23.7Cash Flow/m
184- 3 Bed
- 2 Bath
- 1846 sft
701 E 2nd St, Ottumwa, IA, 52501
Why Invest in Ottumwa, Iowa?
Investing in properties under $200K in Ottumwa, IA, offers a unique opportunity due to the city's affordable housing market. With an average cap rate around 8% and competitive rental yields, investors can expect consistent cash flow from tenant occupancy. The area is attracting renters, driven by a stable job market and reasonable living costs.
10%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$800/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent for these properties in Ottumwa is approximately $800 per month, making it a cost-effective option for renters.
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