Investment Properties Under $500K in Elgin, IA | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $500K Investment Properties for Sale in Elgin, IA

Property at 908 Switch St, Elgin, IA
$ 189,000
ROI
20.4ROI percentage
Cash Flow/m
Dollar sign33
  • 3 Bed
  • 2 Bath
  • 1979 sft
908 Switch St, Elgin, IA, 52141
Property at 206 Main St, Elgin, IA
$ 162,000
ROI
22.3ROI percentage
Cash Flow/m
Dollar sign115
  • 2 Bed
  • 2 Bath
  • 2194 sft
206 Main St, Elgin, IA, 52141
Property at 808 Franklin St, Elgin, IA
$ 139,900
ROI
28.0ROI percentage
Cash Flow/m
Dollar sign323
  • 3 Bed
  • 2 Bath
  • 1770 sft
808 Franklin St, Elgin, IA, 52141
Property at 608 Franklin St, Elgin, IA
$ 119,000
ROI
25.1ROI percentage
Cash Flow/m
Dollar sign177
  • 3 Bed
  • 2 Bath
  • 1353 sft
608 Franklin St, Elgin, IA, 52141

Why Invest in Elgin, Iowa?

Elgin, Iowa presents a fantastic opportunity for investors looking for properties under $500k. The small-town charm combines with a growing community, making it ideal for rental investments. Investors can expect reasonable rental yields and opportunities for appreciation as the area continues to develop.

8.5%
Avg. ROI
7.2%
Rental Yield
9%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4.5%
1Y Appreciation

Frequently Asked Questions

The average rental yield in Elgin, IA is approximately 7.2%. This figure reflects the steady demand for rental properties in the area.

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