Investment Properties for Sale in Spencer, IA
$ 124,500
ROI
27.4
Cash Flow/m
265- 1 Bed
- 1 Bath
- 783 sft
1900 4th Ave SW APT 103, Spencer, IA, 51301
$ 109,500
ROI
31.7Cash Flow/m
363- 2 Bed
- 1 Bath
- 720 sft
1418 4th Ave E, Spencer, IA, 51301
$ 134,900
ROI
22.0Cash Flow/m
84- 3 Bed
- 1 Bath
- 1049 sft
308 E 10th St, Spencer, IA, 51301
$ 148,000
ROI
22.5Cash Flow/m
113- 2 Bed
- 1 Bath
- 1118 sft
321 E 14th 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.
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