Under $300K Investment Properties for Sale in Ames, IA

Ames, IA offers strong investment opportunities in properties under $300k, particularly for rental-focused investors near Iowa State University. Stable **rental yields** around 7-8% and **cap rates** of 6-7% make these affordable homes attractive. The university-driven renter demand supports consistent cash flow, with average monthly rents at $1,200. Annual appreciation of 3-4% adds long-term value in this growing college town. Low vacancy rates under 5% ensure reliable occupancy for budget-conscious portfolios.