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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High ROI Investment Properties for Sale in Algona, IA
Listed for sale 2 days ago
$ 164,500
ROI
23.4
Cash Flow/m
166- 3 Bed
- 2 Bath
- 1836 sft
1308 E State St, Algona, IA, 50511
$ 249,500
ROI
20.5Cash Flow/m
51- 4 Bed
- 2 Bath
- 1248 sft
117 S Woodworth St, Algona, IA, 50511
$ 180,000
ROI
21.1Cash Flow/m
68- 3 Bed
- 1 Bath
- 1296 sft
1415 E Linden St, Algona, IA, 50511
$ 124,750
ROI
29.0Cash Flow/m
319- 3 Bed
- 1 Bath
- 1243 sft
718 S Harlan St, Algona, IA, 50511
Why Invest in Algona, Iowa?
Investing in Algona, IA, presents a unique opportunity for high ROI, especially for those interested in rental properties. With an average cap rate of 9.5% and a solid rental yield of 7.2%, investors can anticipate a positive cash flow. The local market shows promising appreciation rates and a renter-occupied rate close to 45%, making it ideal for generating consistent income.
9.5%
Avg. ROI
7.2%
Rental Yield
9.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rent in Algona is approximately $850 per month, making it an affordable option for renters compared to larger urban areas.
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