Spirit Lake Investment Analysis

Investment Property in Spirit Lake, IA

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Spirit Lake, IA Real Estate Investment Performance

PROPERTY SALE PRICE

$ 519,900

Median

2,237

Avg/Sq.ft.
CASH ON CASH RETURN

2.00%

Traditional

3.00%

Airbnb
NUMBER OF PROPERTIES

71

Investment

70

Airbnb

5

Traditional

34%

Airbnb occupancy rate

Spirit Lake, IA Properties Rental Prices

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Investment Properties for Sale in Spirit Lake, IA

Investment Properties for Sale
$169,900
MLS 241057
Spirit Lake
Single Family Residential
3 beds 2 baths 1,848 sq.ft.
CAP RATE Trad. 9.31% Airbnb 9.48%
Investment Properties for Sale
$179,900
MLS 240843
Spirit Lake
Single Family Residential
3 beds 1 baths 1,416 sq.ft.
CAP RATE Trad. 5.49% Airbnb 8.95%
Investment Properties for Sale
$195,000
MLS 822017
Spirit Lake
Single Family Residential
3 beds 2 baths 1,180 sq.ft.
CAP RATE Trad. 10.82% Airbnb 8.66%
Investment Properties for Sale
$369,900
MLS 240810
Spirit Lake
Single Family Residential
5 beds 1 baths 3,474 sq.ft.
CAP RATE Trad. 3.24% Airbnb 8.39%
Investment Properties for Sale
$299,000
MLS 240691
Spirit Lake
Single Family Residential
4 beds 2 baths 1,036 sq.ft.
CAP RATE Trad. 6.30% Airbnb 7.67%
Investment Properties for Sale
$309,900
MLS 240215
Spirit Lake
Single Family Residential
4 beds 1 baths 1,680 sq.ft.
CAP RATE Trad. 3.50% Airbnb 7.18%
Investment Properties for Sale
$140,000
MLS 240617
Spirit Lake
Single Family Residential
2 beds 1 baths 864 sq.ft.
CAP RATE Trad. 10.54% Airbnb 6.81%
Investment Properties for Sale
$234,900
MLS 240604
Spirit Lake
Single Family Residential
3 beds 3 baths 3,228 sq.ft.
CAP RATE Trad. 10.87% Airbnb 6.55%

Single Family Houses for Sale in Spirit Lake, IA

Investment Properties for Sale
$169,900
MLS 241057
Spirit Lake
Single Family Residential
3 beds 2 baths 1,848 sq.ft.
CAP RATE Trad. 9.31% Airbnb 9.48%
Investment Properties for Sale
$179,900
MLS 240843
Spirit Lake
Single Family Residential
3 beds 1 baths 1,416 sq.ft.
CAP RATE Trad. 5.49% Airbnb 8.95%
Investment Properties for Sale
$195,000
MLS 822017
Spirit Lake
Single Family Residential
3 beds 2 baths 1,180 sq.ft.
CAP RATE Trad. 10.82% Airbnb 8.66%
Investment Properties for Sale
$369,900
MLS 240810
Spirit Lake
Single Family Residential
5 beds 1 baths 3,474 sq.ft.
CAP RATE Trad. 3.24% Airbnb 8.39%
Investment Properties for Sale
$299,000
MLS 240691
Spirit Lake
Single Family Residential
4 beds 2 baths 1,036 sq.ft.
CAP RATE Trad. 6.30% Airbnb 7.67%
Investment Properties for Sale
$309,900
MLS 240215
Spirit Lake
Single Family Residential
4 beds 1 baths 1,680 sq.ft.
CAP RATE Trad. 3.50% Airbnb 7.18%
Investment Properties for Sale
$140,000
MLS 240617
Spirit Lake
Single Family Residential
2 beds 1 baths 864 sq.ft.
CAP RATE Trad. 10.54% Airbnb 6.81%
Investment Properties for Sale
$234,900
MLS 240604
Spirit Lake
Single Family Residential
3 beds 3 baths 3,228 sq.ft.
CAP RATE Trad. 10.87% Airbnb 6.55%

Multi Family Houses for sale in Spirit Lake, IA

Investment Properties for Sale
$265,000
MLS 240774
Spirit Lake
Multi Family
3 beds 2 baths 2,168 sq.ft.
CAP RATE Trad. 7.48% Airbnb N/A
Investment Properties for Sale
$185,000
MLS 231178
Spirit Lake
Multi Family
N/A beds N/A baths 1,632 sq.ft.
CAP RATE Trad. 5.49% Airbnb N/A
Investment Properties for Sale
$259,000
MLS 240455
Spirit Lake
Multi Family
2 beds 1 baths 1,452 sq.ft.
CAP RATE Trad. 4.83% Airbnb N/A
Investment Properties for Sale
$525,000
MLS 240662
Spirit Lake
Multi Family
2 beds 1 baths 3,621 sq.ft.
CAP RATE Trad. 2.52% Airbnb N/A

Condos for Sale in Spirit Lake, IA

Investment Properties for Sale
$119,000
MLS 241075
Spirit Lake
Condo/Coop
2 beds 2 baths 923 sq.ft.
CAP RATE Trad. 4.99% Airbnb 5.59%
Investment Properties for Sale
$119,000
MLS 241074
Spirit Lake
Condo/Coop
2 beds 1 baths 923 sq.ft.
CAP RATE Trad. 3.94% Airbnb 5.59%
Investment Properties for Sale
$282,900
MLS 240692
Spirit Lake
Condo/Coop
2 beds 1 baths 1,270 sq.ft.
CAP RATE Trad. 4.18% Airbnb 1.35%
Investment Properties for Sale
$625,000
MLS 241045
Spirit Lake
Condo/Coop
3 beds 1 baths 1,870 sq.ft.
CAP RATE Trad. 0.21% Airbnb 0.93%
Investment Properties for Sale
$639,000
MLS 240362
Spirit Lake
Condo/Coop
3 beds 2 baths 1,401 sq.ft.
CAP RATE Trad. 2.04% Airbnb 0.87%
Investment Properties for Sale
$609,900
MLS 240986
Spirit Lake
Condo/Coop
2 beds 1 baths 1,620 sq.ft.
CAP RATE Trad. -0.24% Airbnb -0.25
Investment Properties for Sale
$1,149,000
MLS 240916
Spirit Lake
Condo/Coop
3 beds 2 baths 2,402 sq.ft.
CAP RATE Trad. 0.32% Airbnb -0.30
Investment Properties for Sale
$499,000
MLS 240968
Spirit Lake
Condo/Coop
2 beds 1 baths 1,216 sq.ft.
CAP RATE Trad. -0.80% Airbnb -0.68

Top Spirit Lake, IA Neighborhoods - Real Estate Market Analysis

Spirit Lake
PROPERTY PRICE

$299,900

Median for city
CAP RATE

1.55%

Traditional

9.40%

Airbnb
RENTAL INCOME

$ 710

Traditional

$ 2,657

Airbnb

46%

Airbnb occupancy rate

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Short Term Rentals For Sale

Airbnb Vacation Rentals in Spirit Lake, IA

Center Lake Retreat  Entire Lower Level Walk Out
$75 per night Airbnb occupancy rate 77%
Apartment 2 · 1 · 6
Rental Income: $1,750 per month
5
220
Okoboji Bridges Bay Resort Private Cabin
$225 per night Airbnb occupancy rate 25%
Cabin 4 · 2 · 16
Rental Income: $1,744 per month
5
86
Lake access! Entire home in East Okoboji!
$174 per night Airbnb occupancy rate 46%
House 3 · 2 · 10
Rental Income: $2,422 per month
5
82
Lake Access! Cozy home near West Lake Okoboji!
$112 per night Airbnb occupancy rate 44%
Cottage 2 · 1 · 7
Rental Income: $1,512 per month
5
76
Located minutes to great attractions in Iowa Lakes
$150 per night Airbnb occupancy rate 48%
House 3 · 2 · 8
Rental Income: $2,200 per month
5
75
Charming lake view Cottage in quiet neighborhood
$135 per night Airbnb occupancy rate 66%
Cottage 2 · 1 · 4
Rental Income: $2,734 per month
5
66
Ground level private apartment
$77 per night Airbnb occupancy rate 77%
Apartment 3 · 1 · 6
Rental Income: $1,802 per month
5
53
East Lake Okoboji - Nooks on the Narrows
$500 per night Airbnb occupancy rate 48%
House 4 · 2 · 12
Rental Income: $7,375 per month
5
46

Real Estate Investment Analysis - Other Cities in iowa

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
$125,500 10% 13% $1,695 $1,974 82 77%
$219,975 6% 8% $1,983 $3,399 142 68%
$139,999 10% 11% $1,727 $2,360 63 67%
$224,900 6% 6% $1,772 $1,970 22 63%
$124,900 11% 13% $1,652 $1,833 30 62%
$206,250 7% 3% $2,138 $1,530 174 60%
$197,250 6% 5% $1,768 $2,249 48 60%
$246,500 6% 4% $2,121 $1,729 120 58%
$240,000 5% 5% $1,777 $2,150 605 58%
$169,900 13% 9% $2,553 $2,169 11 52%
$368,500 4% 2% $2,243 $2,058 94 51%
$234,900 6% 6% $2,076 $1,819 83 46%
$210,000 7% 15% $2,049 $2,077 33 44%
$244,950 6% 8% $1,981 $2,051 22 44%
$229,900 6% 7% $1,836 $3,540 43 40%
$269,700 5% 1% $2,063 $921 20 40%
$225,000 7% 4% $2,253 $2,257 15 37%
View all iowa cities
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