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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K 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 buyers seeking properties under $300k. The area's affordability combined with a stabilized rental market allows for healthy returns on investment. With an impressive average ROI, investors can expect solid cash flow and growth potential as the local economy continues to develop.
8%
Avg. ROI
6.5%
Rental Yield
7.2%
Cap Rate
$350/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Algona is approximately $950 per month, making it an affordable option for renters.
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