High ROI Investment Properties for Sale in Algona, IA
$ 197,500
ROI
25.2
Cash Flow/m
299- 3 Bed
- 2 Bath
- 1124 sft
507 E Fair St, Algona, IA, 50511
$ 155,000
ROI
25.0Cash Flow/m
224- 4 Bed
- 2 Bath
- 1650 sft
221 N Hall St, Algona, IA, 50511
$ 104,900
ROI
20.1Cash Flow/m
9- 3 Bed
- 2 Bath
- 1863 sft
412 N Phillips St, Algona, IA, 50511
$ 149,900
ROI
20.7Cash Flow/m
38- 2 Bed
- 2 Bath
- 1204 sft
408 S Hall St APT 3, 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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