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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Ely, IA
Currently Rented
$ 180,000
ROI
27.4
Cash Flow/m
385- 2 Bed
- 3 Bath
- 1466 sft
1854 Wrigley St, Ely, IA, 52227
Currently Rented
$ 180,000
ROI
23.1Cash Flow/m
170- 2 Bed
- 3 Bath
- 1466 sft
1856 Wrigley St, Ely, IA, 52227
$ 145,000
ROI
29.5Cash Flow/m
391- 3 Bed
- 1 Bath
- 1740 sft
1645 Main St, Ely, IA, 52227
$ 168,000
ROI
21.9Cash Flow/m
101- 2 Bed
- 1 Bath
- 864 sft
1520 Plain View Rd, Ely, IA, 52227
Why Invest in Ely, Iowa?
Ely, IA offers great investment opportunities, particularly for properties under $200k. With an attractive rental yield and reasonable home prices, investors can benefit from steady cash flow and potential appreciation. The local market has shown resilience and growth, making it an excellent choice for first-time investors.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$250/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent in Ely, IA is approximately $1,200, making it a more affordable location compared to larger cities.
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