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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Spencer, IA
Listed for sale 5 days ago
$ 164,900
ROI
19.8
Cash Flow/m
3- 2 Bed
- 2 Bath
- 1040 sft
304 9th St SW, Spencer, IA, 51301
$ 140,000
ROI
24.0Cash Flow/m
165- 4 Bed
- 4 Bath
- 2688 sft
215 2nd Ave W, Spencer, IA, 51301
$ 165,000
ROI
19.8Cash Flow/m
2- 4 Bed
- 4 Bath
- 2716 sft
206 W 3rd St, Spencer, IA, 51301
$ 200,000
ROI
21.4Cash Flow/m
93- 6 Bed
- 2 Bath
- 1800 sft
1309 11th Ave W, Spencer, IA, 51301
Why Invest in Spencer, Iowa?
Investing in properties under $300k in Iowa can be a strategic decision, especially given the state's affordable living costs. With a rental yield averaging around 7% and a cap rate of approximately 8%, this region presents promising opportunities for investors. As market trends indicate consistent appreciation, investors can expect steady returns.
10%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$250/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Iowa is around 7%, making it a profitable state for property investors.
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