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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
$ 125,000
ROI
27.3
Cash Flow/m
262- 2 Bed
- 1 Bath
- 832 sft
422 W Finley Ave, Ottumwa, IA, 52501
Listed for sale 4 days ago
$ 129,000
ROI
26.0Cash Flow/m
224- 2 Bed
- 1 Bath
- 782 sft
914 Richmond Ave, Ottumwa, IA, 52501
Listed for sale 4 days ago
$ 130,500
ROI
26.0Cash Flow/m
226- 2 Bed
- 2 Bath
- 816 sft
211 W Golf Ave, Ottumwa, IA, 52501
Listed for sale 7 days ago
$ 145,000
ROI
23.0Cash Flow/m
132- 2 Bed
- 2 Bath
- 1560 sft
519 Wildwood Dr, 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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