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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K 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
$ 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
$ 175,000
ROI
31.6Cash Flow/m
577- 3 Bed
- 2 Bath
- 2024 sft
615 W State St, Algona, IA, 50511
Why Invest in Algona, Iowa?
Investing in properties under $200k in Iowa can be an enticing opportunity given the state's relatively low property prices and stable rental demand. With a growing job market and diverse economy, investors can expect solid returns on their investments. Additionally, Iowa boasts attractive rental yields, making it a worthwhile consideration for prospective landlords.
7.5%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Iowa is approximately 8.0%, making it an attractive market for real estate investors seeking good returns.
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