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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
$ 138,500
ROI
27.6
Cash Flow/m
301- 5 Bed
- 1 Bath
- 960 sft
541 Lillian St, Ottumwa, IA, 52501
Listed for sale 1 day ago
$ 159,900
ROI
20.6Cash Flow/m
36- 2 Bed
- 2 Bath
- 884 sft
2366 N Court St, Ottumwa, IA, 52501
Listed for sale 1 day ago
$ 135,000
ROI
25.0Cash Flow/m
197- 2 Bed
- 1 Bath
- 720 sft
331 McKinley Ave, Ottumwa, IA, 52501
Listed for sale 3 days ago
$ 135,000
ROI
25.0Cash Flow/m
197- 2 Bed
- 1 Bath
- 744 sft
319 Osceola 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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