Under $200K Investment Properties for Sale in Ottumwa, IA
Listed for sale 2 days ago
$ 160,000
ROI
26.1
Cash Flow/m
281- 3 Bed
- 3 Bath
- 2060 sft
505 Chester Ave, Ottumwa, IA, 52501
Listed for sale 6 days ago
$ 190,000
ROI
21.4Cash Flow/m
86- 3 Bed
- 2 Bath
- 1305 sft
1304 Chester Ave, Ottumwa, IA, 52501
$ 169,000
ROI
27.4Cash Flow/m
358- 4 Bed
- 2 Bath
- 1846 sft
701 E 2nd St, Ottumwa, IA, 52501
$ 179,500
ROI
22.9Cash Flow/m
154- 3 Bed
- 1 Bath
- 1176 sft
1005 Glenwood Ave, 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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