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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Ames, IA
$ 199,500
ROI
22.5
Cash Flow/m
150- 2 Bed
- 1 Bath
- 930 sft
3109 Story St, Ames, IA, 50014
Currently Rented
$ 175,000
ROI
28.0Cash Flow/m
403- 3 Bed
- 2 Bath
- 1123 sft
1536 Little Bluestem Ct Unit 31, Ames, IA, 50014
Currently Rented
$ 175,000
ROI
25.6Cash Flow/m
285- 3 Bed
- 2 Bath
- 1123 sft
1536 Little Bluestem Ct Unit 32, Ames, IA, 50014
Currently Rented
$ 175,000
ROI
25.6Cash Flow/m
285- 3 Bed
- 2 Bath
- 1123 sft
1536 Little Bluestem Ct Unit 33, Ames, IA, 50014
Why Invest in Ames, Iowa?
Ames, IA offers strong investment opportunities in homes under $200k, particularly appealing for student rentals near Iowa State University. Stable rental demand from the university drives consistent cash flow. With a **cap rate** around 7-8% and **rental yields** of 8-10%, these properties provide solid returns. Low entry prices combined with steady appreciation make them ideal for long-term investors. Renter occupancy exceeds 50%, supported by the local job market.
9.5%
Avg. ROI
9.2%
Rental Yield
7.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1050/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, Ames has multiple homes under $200k, including 2-3 bedroom houses and condos suitable for rentals. These properties often appeal to Iowa State students. Demand keeps occupancy high.
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