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

Investment Properties for Sale in Spencer, IA

Property at 809-811 9th Ave E, Spencer, IA
Listed for sale 1 day ago
$ 105,000
ROI
28.4ROI percentage
Cash Flow/m
Dollar sign252
  • 1 Bed
  • 1 Bath
  • - sft
809-811 9th Ave E, Spencer, IA, 51301
Property at 314 E 12th St, Spencer, IA
Listed for sale 2 days ago
$ 156,900
ROI
21.0ROI percentage
Cash Flow/m
Dollar sign55
  • 2 Bed
  • 1 Bath
  • 958 sft
314 E 12th St, Spencer, IA, 51301
Property at 312 E 12th St, Spencer, IA
Listed for sale 7 days ago
$ 156,900
ROI
21.0ROI percentage
Cash Flow/m
Dollar sign55
  • 2 Bed
  • 1 Bath
  • 958 sft
312 E 12th St, Spencer, IA, 51301
Property at 909 E 15th St, Spencer, IA
$ 169,900
ROI
20.4ROI percentage
Cash Flow/m
Dollar sign31
  • 2 Bed
  • 1 Bath
  • 880 sft
909 E 15th St, Spencer, IA, 51301

Why Invest in Spencer, Iowa?

Investing in Spencer, IA offers a unique opportunity for real estate investors, especially focusing on multi-family properties. With a robust economic foundation and rental properties showing steady returns, this market is gaining attention for its strong growth potential. Investors can expect an average ROI of nearly 10% and a rental yield that stands out in the Midwest, supported by a renter-occupied rate of over 60%.

10%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average rent in Spencer, IA is approximately $950, making it affordable compared to larger urban areas.

Find Your Perfect Investment Property in Spencer, Iowa

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