Under $300K 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 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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