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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Ely, IA
Listed for sale 6 days ago
$ 329,900
ROI
25.5
Cash Flow/m
527- 3 Bed
- 3 Bath
- 2274 sft
1255 Pacific St, Ely, IA, 52227
Currently Rented
$ 180,000
ROI
27.4Cash 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
$ 350,000
ROI
21.1Cash Flow/m
134- 4 Bed
- 3 Bath
- 2100 sft
Elgin Plan, Founders Grove, Ely, IA, 52227
Why Invest in Ely, Iowa?
Investing in properties under $500k in Iowa presents unique opportunities for investors. With affordable property prices, investors can benefit from a promising rental yield and steady appreciation rates. The state’s economic stability and strong job market make it an attractive option for real estate investment.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent for properties priced under $500k in Iowa is approximately $950 per month, making it affordable for renters.
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