715 E Williams St · Ottumwa, IA 52501

$114,999

3 bd · 1.0 ba · 1,238 sqft · SingleFamily public records · 24 Days on market

Built 1930 6,534 sqft lot $93/sqft · 27% above area Est $91k · 27% over

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.2/30.0
• DSCR +8.9/10.0
• 1% rule +7.1/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable In-Town Living with Investment Potential – Ottumwa, IA Discover this 3-bedroom, 1-bath home in the heart of Ottumwa, offering 1,238 sq ft of comfortable living space on a 0.15-acre lot in Wapello County. This property features generously sized bedrooms, a spacious living room, and hardwood floors that add warmth and character throughout. The home includes a solid basement with excellent potential for storage or future finishing, along with a detached 2-car garage and concrete pad for additional parking or outdoor use. Ideal for owner-occupants or investors, this property offers strong rental potential and an excellent value-add opportunity. Affordable homes with this kind of space and upside are increasingly hard to find—schedule your showing today. KEY FEATURES 3 Bedrooms / 1 Bathroom 1,238 Sq Ft Spacious living room Hardwood floors Large bedrooms Solid basement with potential Detached 2-car garage Concrete pad In-town location Strong rental/investment opportunity

Key facts

• Solid basement
• Concrete pad
• In-town location

Tags

• HARDWOOD FLOORS
• SOLID BASEMENT
• DETACHED 2-CAR GARAGE
• CONCRETE PAD
• IN-TOWN LOCATION
• STRONG RENTAL OPPORTUNITY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $294 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $113k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 5.9% in Ottumwa — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#91 in IA, #1,900 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D-, employment D-.
• Ottumwa Community School District (town): math 50% / reading 54% proficiency, ranked #277 of 289 in IA (top 96%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 186 active listings in the ZIP; 44 units permitted in Wapello County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Wapello County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $59k; list at $115k implies a 95% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $113,274 (1.5% below list)

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.21% ✓
• Cap rate: 9.36%
• Cash-on-cash: 10.96%
• DSCR: 1.49
• GRM: 6.9

CMA / ARV

• ARV (median comp): $90,879
• List price: $114,999
• Delta: 26.54%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
317 S Ward St	0.45mi	3/1.0	1,248 (+1%)	8mo	$122,000	$98	71
125 N Davis St	0.44mi	3/1.0	1,240 (+0%)	10mo	$124,900	$101	71
701 S Moore St	0.59mi	3/1.0	1,236 (-0%)	11mo	$120,000	$97	63
401 S Willard St	0.52mi	3/2.0	1,284 (+4%)	5mo	$153,000	$119	61
534 Ray St	0.62mi	3/2.0	1,216 (-2%)	4mo	$139,900	$115	61
249 S Ransom St	0.38mi	2/2.0 (-1)	1,162 (-6%)	3mo	$147,000	$127	60
313 W Williams St	0.64mi	2/1.5 (-1)	1,248 (+1%)	3mo	$160,000	$128	59
525 Boone Ave	0.22mi	2/1.0 (-1)	1,120 (-10%)	12mo	$88,000	$79	59
514 Wabash Ave	0.21mi	3/1.5	1,092 (-12%)	12mo	$119,500	$109	58
916 S Weller St	0.32mi	3/1.0	1,070 (-14%)	6mo	$134,000	$125	57
549 Elma St	0.61mi	3/2.0	1,364 (+10%)	8mo	$148,000	$109	44
511 Ray St	0.61mi	3/2.0	1,389 (+12%)	13mo	$178,500	$129	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.1%
• Equity multiple: 1.00×
• Total profit: $122
• Equity at exit: $17,147

10-year hold

• IRR: 9.8%
• Equity multiple: 1.76×
• Total profit: $24,329
• Equity at exit: $9,943

Cash invested: $32,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Iowa: 83 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; mostly landlord-friendly statewide.

Methodology + full state rankings →

ZIP-level market 52501

• Active inventory: 186
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,387 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$150 /mo · $1,804/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $294

Break-even live

Break-even rent $1,014

Max offer price $114,999

Occupancy floor 74%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-15
   status Pending 1003-char remark

   Show marketing remark (1003 chars)

   Affordable In-Town Living with Investment Potential – Ottumwa, IA Discover this 3-bedroom, 1-bath home in the heart of Ottumwa, offering 1,238 sq ft of comfortable living space on a 0.15-acre lot in Wapello County. This property features generously sized bedrooms, a spacious living room, and hardwood floors that add warmth and character throughout. The home includes a solid basement with excellent potential for storage or future finishing, along with a detached 2-car garage and concrete pad for additional parking or outdoor use. Ideal for owner-occupants or investors, this property offers strong rental potential and an excellent value-add opportunity. Affordable homes with this kind of space and upside are increasingly hard to find—schedule your showing today. KEY FEATURES 3 Bedrooms / 1 Bathroom 1,238 Sq Ft Spacious living room Hardwood floors Large bedrooms Solid basement with potential Detached 2-car garage Concrete pad In-town location Strong rental/investment opportunity

2. 2026-04-21
   listed $114,999 Active 1003-char remark

   Show marketing remark (1003 chars)

   Affordable In-Town Living with Investment Potential – Ottumwa, IA Discover this 3-bedroom, 1-bath home in the heart of Ottumwa, offering 1,238 sq ft of comfortable living space on a 0.15-acre lot in Wapello County. This property features generously sized bedrooms, a spacious living room, and hardwood floors that add warmth and character throughout. The home includes a solid basement with excellent potential for storage or future finishing, along with a detached 2-car garage and concrete pad for additional parking or outdoor use. Ideal for owner-occupants or investors, this property offers strong rental potential and an excellent value-add opportunity. Affordable homes with this kind of space and upside are increasingly hard to find—schedule your showing today. KEY FEATURES 3 Bedrooms / 1 Bathroom 1,238 Sq Ft Spacious living room Hardwood floors Large bedrooms Solid basement with potential Detached 2-car garage Concrete pad In-town location Strong rental/investment opportunity

3. 2008-07-29
   soldstatus $59,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IA · Partial reset (capped growth)

• Current annual tax: $1,804 · $150/mo
• Projected year-2 tax: $1,805 · $150/mo
• Expected delta: +$1/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥106°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,639
• − Mortgage interest: −$6,442
• − Property taxes: −$1,804
• − Insurance: −$575
• − Repairs & maintenance: −$1,331
• − Management: −$1,331
• − Depreciation: −$3,345
• Taxable income: $1,811
• Est. tax owed @ 24.0%: −$435
• After-tax cash flow: $3,095/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Ottumwa Community School District
• NCES district ID: 1922110
• Math proficiency: 50% ▼ -9.00%
• Reading proficiency: 54% ▲ 1.00%
• Median HH income: $39,864
• Composite: 43.46/100
• National rank: #3004
• State rank: #277 of 289 in IA

Livability — Ottumwa

• Score: 80/100
• State rank: #91
• US rank: #1900

Category grades

Amenities C Commute A Cost of living A+ Crime D- Employment D- Housing A+ Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ottumwa, IA
• Population (ZIP): 30,341

Population outlook (Wapello County) Hauer SSP2

• Today (2025): 35,472 people
• By 2030: 35,563 · +0.3%
• By 2040: 36,083 · +1.7%
• By 2050: 37,287 · +5.1%
• By 2075: 43,898 · +23.8%
• By 2100: 52,973 · +49.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 14% Two or more races 7% Black 4% Pacific Islander 2% Asian 2%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Iranian 4% Italian 1% Slovak 1%
• Foreign-born: 11% · Canada
• Languages at home: 84% English-only · Spanish 10% Other Asian/Pacific 3% Tagalog/Filipino 1%

Political lean MEDSL · Wapello

• 2024 margin: Solid R (+31.4) · D 33.6% · R 65.0% · Other 1.4%
• 2008→2024 swing: -45.0pp toward R · 2008: 13.5pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+23.6 2016: R+20.8 2012: D+11.8 2008: D+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.66%
• Current HPI: 174.6021
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

+94.9% since first listed

3 events — show timeline

• 2026-05-15 Pending — IAR
• 2026-04-21 Listed $114,999 IAR
• 2008-07-29 Sold (Public Records) $59,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $1,804 · +5.3% YoY. Source: county tax records.