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 304 9th St SW, Spencer, IA
Listed for sale 5 days ago
$ 164,900
ROI
19.8ROI percentage
Cash Flow/m
Dollar sign3
  • 2 Bed
  • 2 Bath
  • 1040 sft
304 9th St SW, Spencer, IA, 51301
Property at 215 2nd Ave W, Spencer, IA
$ 140,000
ROI
24.0ROI percentage
Cash Flow/m
Dollar sign165
  • 4 Bed
  • 4 Bath
  • 2688 sft
215 2nd Ave W, Spencer, IA, 51301
Property at 206 W 3rd St, Spencer, IA
$ 165,000
ROI
19.8ROI percentage
Cash Flow/m
Dollar sign2
  • 4 Bed
  • 4 Bath
  • 2716 sft
206 W 3rd St, Spencer, IA, 51301
Property at 1305 Grand Ave, Spencer, IA
$ 349,900
ROI
20.8ROI percentage
Cash Flow/m
Dollar sign101
  • 4 Bed
  • 3 Bath
  • 2602 sft
1305 Grand Ave, 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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