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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
$ 155,000
ROI
25.0
Cash 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
$ 120,000
ROI
23.9Cash Flow/m
139- 4 Bed
- 2 Bath
- 1579 sft
306 E College 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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