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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

$ 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
27.8
Cash Flow/m
246- 3 Bed
- 2 Bath
- 1732 sft
515 6th Ave W, Spencer, IA, 51301

$ 129,900
ROI
23.0
Cash Flow/m
116- 3 Bed
- 1 Bath
- 905 sft
1016 5th Ave SE, Spencer, IA, 51301

$ 132,900
ROI
25.5
Cash Flow/m
211- 2 Bed
- 1 Bath
- 884 sft
804 Fisher Ct, 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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