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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Spencer, IA
$ 134,890
ROI
25.0
Cash Flow/m
198- 2 Bed
- 1 Bath
- 1118 sft
321 E 14th St, Spencer, IA, 51301
Fix & Flip
$ 110,000
ROI
27.8Cash Flow/m
246- 3 Bed
- 2 Bath
- 1732 sft
515 6th Ave W, Spencer, IA, 51301
$ 129,900
ROI
23.0Cash Flow/m
116- 3 Bed
- 1 Bath
- 905 sft
1016 5th Ave SE, Spencer, IA, 51301
$ 132,900
ROI
25.5Cash Flow/m
211- 2 Bed
- 1 Bath
- 884 sft
804 Fisher Ct, Spencer, IA, 51301
Why Invest in Spencer, Iowa?
Investing in Spencer, Iowa, presents a unique opportunity with a focus on high rental yield properties. With the average rental yield currently hovering around 7%, investors can expect a solid return on investment. The local economy is supported by major employers and a steady growth in the rental market, making it a prime spot for investment.
12%
Avg. ROI
7%
Rental Yield
9%
Cap Rate
$300/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Spencer is approximately $900 per month, making it an affordable option for renters. This relatively low rental cost aligns with the higher rental yields available for investors.
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