Condo Investment Properties for Sale in Spencer, IA

Property at 1900 4th Ave SW APT 103, Spencer, IA
$ 124,500
ROI
27.4ROI percentage
Cash Flow/m
Dollar sign265
  • 1 Bed
  • 1 Bath
  • 783 sft
1900 4th Ave SW APT 103, Spencer, IA, 51301
Property at 1102 Saint Luke Dr Unit 302, Spencer, IA
$ 225,000
ROI
21.2ROI percentage
Cash Flow/m
Dollar sign90
  • 2 Bed
  • 2 Bath
  • 1399 sft
1102 Saint Luke Dr Unit 302, Spencer, IA, 51301
Property at 1908 W 11th St, Spencer, IA
$ 175,000
ROI
20.0ROI percentage
Cash Flow/m
Dollar sign10
  • 2 Bed
  • 2 Bath
  • 1692 sft
1908 W 11th St, Spencer, IA, 51301
Property at 1900 4th Ave SW APT 206, Spencer, IA
$ 121,000
ROI
28.3ROI percentage
Cash Flow/m
Dollar sign288
  • 1 Bed
  • 1 Bath
  • 783 sft
1900 4th Ave SW APT 206, Spencer, IA, 51301

Why Invest in Spencer, Iowa?

Investing in condos in Spencer, IA presents a unique opportunity due to its affordable real estate market. With an average return on investment (ROI) of around 8%, and a rental yield of 6%, Spencer offers investors a chance to generate steady cash flow. The city's growing economy and stable rental market make it an appealing choice for long-term investment in multi-family properties.

8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$1200/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average rent for condos in Spencer is about $1,200 per month, making it a competitive market for rental investments.

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