Real Estate Investment Properties for Sale in Montezuma, IA

Looking for investment property in Montezuma, IA with high ROI ?

Explore a variety of short-term homes & houses in Montezuma, IA. Invest wisely with VRBO & Montezuma, IA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Montezuma, IA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
134 Hillcrest Ridge Montezuma, IA Enjoy incredible waterfront living on Lake Ponderosa with 150 feet of lake frontage and st...	4 beds \| 3 baths \| 2,176 sq.ft.	$1,600,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.7% Airbnb Rental Income: $null Traditional Rental Income: $1500 Airbnb ROI: N/A Traditional ROI: -0.7%
207 Cottage Lane Montezuma, IA Lakefront Living at Its Finest - Beautifully Updated Ponderosa Ranch Home! Experience the ...	3 beds \| 2 baths \| 998 sq.ft.	$609,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.02% Airbnb Rental Income: $null Traditional Rental Income: $1803 Airbnb ROI: N/A Traditional ROI: 1.02%
204 Eastside Lane Montezuma, IA Jump into lake life at an affordable price! This lakefront mobile home at Lake Ponderosa f...	3 beds \| 2 baths \| 1,430 sq.ft.	$378,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.06% Airbnb Rental Income: $null Traditional Rental Income: $1489 Airbnb ROI: N/A Traditional ROI: 2.06%
106 E Jefferson Street Montezuma, IA Classic early 1900s foursquare home with gorgeous original features with nice blend of upd...	3 beds \| 2 baths \| 2,033 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.89% Airbnb Rental Income: $null Traditional Rental Income: $1979 Airbnb ROI: N/A Traditional ROI: 6.89%
144 Center Point Drive Montezuma, IA 144 Center Point Drive offered for sale at Lake Ponderosa. Lots of updates to this adorabl...	2 beds \| 1 baths \| 862 sq.ft.	$489,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.14% Airbnb Rental Income: $null Traditional Rental Income: $941 Airbnb ROI: N/A Traditional ROI: 0.14%
304 W Main Street Montezuma, IA Spacious. Welcoming. Updated. Three simple words that can not be argued about what this aw...	3 beds \| 3 baths \| 1,759 sq.ft.	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.06% Airbnb Rental Income: $null Traditional Rental Income: $2568 Airbnb ROI: N/A Traditional ROI: 8.06%
147 Hillcrest Ridge Montezuma, IA 147 Hillcrest Ridge offered for sale. This one level ranch home offers 2 beds, 1 bath, new...	2 beds \| 1 baths \| 888 sq.ft.	$429,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.82% Airbnb Rental Income: $null Traditional Rental Income: $1476 Airbnb ROI: N/A Traditional ROI: 1.82%
101 Vista Drive Montezuma, IA Searching for your forever lake home? This charming ranch might be the one. Featuring 2 be...	2 beds \| 3 baths \| 1,120 sq.ft.	$540,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.86% Airbnb Rental Income: $null Traditional Rental Income: $1911 Airbnb ROI: N/A Traditional ROI: 1.86%
120 Lakeview Drive Montezuma, IA This spacious 3,000 sq ft ranch-style residence offers fantastic views of Lake Ponderosa, ...	4 beds \| 3 baths \| 2,772 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.96% Airbnb Rental Income: $null Traditional Rental Income: $1981 Airbnb ROI: N/A Traditional ROI: 2.96%
317 Terrace Lane Dr Montezuma, IA Spacious Ranch on 3.5 Scenic Acres in Montezuma Enjoy the perfect blend of comfort, space,...	5 beds \| 2 baths \| 2,016 sq.ft.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.76% Airbnb Rental Income: $null Traditional Rental Income: $1855 Airbnb ROI: N/A Traditional ROI: 3.76%
105 S 10Th Street Montezuma, IA Welcome to this inviting 3 bedroom, two bath ranch home that blends comfort and throughout...	3 beds \| 2 baths \| 1,456 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.32% Airbnb Rental Income: $null Traditional Rental Income: $1859 Airbnb ROI: N/A Traditional ROI: 4.32%
103 S Shore Drive Montezuma, IA 103 Southshore Drive offered for sale. This lakefront home offers a huge 208 ft. of lakefr...	3 beds \| 2 baths \| 2,384 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.93% Airbnb Rental Income: $null Traditional Rental Income: $2011 Airbnb ROI: N/A Traditional ROI: 0.93%
212 Cottage Lane Montezuma, IA NEW LISTING! 212 Cottage Lane Lake Ponderosa. This lakeview home is the perfect pathway to...	3 beds \| 2 baths \| 1,080 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.13% Airbnb Rental Income: $null Traditional Rental Income: $1849 Airbnb ROI: N/A Traditional ROI: 5.13%
199 Cottage Lane Montezuma, IA Experience lakefront living at Lake Ponderosa, where stunning water views can be enjoyed y...	2 beds \| 2 baths \| 2,256 sq.ft.	$598,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.13% Airbnb Rental Income: $null Traditional Rental Income: $1668 Airbnb ROI: N/A Traditional ROI: 1.13%
201 N 9th Street Montezuma, IA Fantastic, renovated ranch home in established neighborhood in Montezuma, Iowa. This home ...	3 beds \| 2 baths \| 1,329 sq.ft.	$209,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.47% Airbnb Rental Income: $null Traditional Rental Income: $1965 Airbnb ROI: N/A Traditional ROI: 7.47%
1010 Highway 63 Montezuma, IA ACREAGE ALERT! Spacious ranch home with semi-open floor plan has much to offer! Located on...	3 beds \| 2 baths \| 1,704 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $2290 Airbnb ROI: N/A Traditional ROI: 5.01%
112 Sunrise Lane Montezuma, IA Discover the potential of lake living in the desirable Lake Ponderosa neighborhood just ou...	2 beds \| 3 baths \| 1,464 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $2324 Airbnb ROI: N/A Traditional ROI: 4.61%
226 & 228 Center Point Drive Montezuma, IA 226 and 228 Center Point offers 122.45 feet of lake front on the main lake. The wooded lot...	3 beds \| 2 baths \| 1,176 sq.ft.	$900,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.41% Airbnb Rental Income: $null Traditional Rental Income: $1897 Airbnb ROI: N/A Traditional ROI: 0.41%
203 Woodland Road Montezuma, IA Lake lover's delight! Enjoy lake life in this updated lake front home with desirable shore...	3 beds \| 2 baths \| 1,152 sq.ft.	$459,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.41% Airbnb Rental Income: $null Traditional Rental Income: $1963 Airbnb ROI: N/A Traditional ROI: 2.41%
255 Eastside Lane Montezuma, IA PRICE IMPROVEMENT!!! Log Cabin living at Lake Ponderosa. This home is situated on almost a...	3 beds \| 2 baths \| 1,282 sq.ft.	$570,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.08% Airbnb Rental Income: $null Traditional Rental Income: $2098 Airbnb ROI: N/A Traditional ROI: 2.08%
276 Center Point Drive Montezuma, IA Lake front cabin on Lake Ponderosa with western views! Enjoy this great weekend getaway or...	2 beds \| 1 baths \| 924 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.83% Airbnb Rental Income: $null Traditional Rental Income: $1399 Airbnb ROI: N/A Traditional ROI: 1.83%
299 Center Point Dr. Montezuma, IA Experience Panoramic lake front views with second tier pricing. This 4 bedroom, 2 bath hom...	4 beds \| 3 baths \| 1,456 sq.ft.	$549,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.23% Airbnb Rental Income: $null Traditional Rental Income: $1500 Airbnb ROI: N/A Traditional ROI: 1.23%
208 N 4th Street Montezuma, IA This beautiful home from the early 1990s is just two blocks from Montezuma square and a sh...	3 beds \| 1 baths \| 1,162 sq.ft.	$145,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.76% Airbnb Rental Income: $null Traditional Rental Income: $1677 Airbnb ROI: N/A Traditional ROI: 9.76%
101 Canyon Rd Montezuma, IA Lake Ponderosa Barndominium with 10' Lake Access. Don't miss this rare opportunity to own ...	2 beds \| 2 baths \| 1,512 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.73% Airbnb Rental Income: $null Traditional Rental Income: $1130 Airbnb ROI: N/A Traditional ROI: 0.73%
129 Cottage Lane Montezuma, IA This Lake Ponderosa property (includes lake front home and 2 lots behind with additional g...	3 beds \| 2 baths \| 2,163 sq.ft.	$1,298,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.47% Airbnb Rental Income: $null Traditional Rental Income: $1489 Airbnb ROI: N/A Traditional ROI: -0.47%
135 Crabtree Road Montezuma, IA 135 Crabstree Road Lake Ponderosa offered for sale. This lakefront custom home offers many...	4 beds \| 3 baths \| 3,652 sq.ft.	$1,585,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.58% Airbnb Rental Income: $null Traditional Rental Income: $1500 Airbnb ROI: N/A Traditional ROI: -0.58%
203 E Ogden Street Montezuma, IA Well-kept ranch home on private, double lot with open floor plan and oversized two car gar...	3 beds \| 2 baths \| 1,152 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.35% Airbnb Rental Income: $null Traditional Rental Income: $1489 Airbnb ROI: N/A Traditional ROI: 5.35%
406 S 4th Street Montezuma, IA This stunning three-bedroom ranch is located in the heart of Montezuma, just a short walk ...	3 beds \| 3 baths \| 1,216 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.98% Airbnb Rental Income: $null Traditional Rental Income: $1489 Airbnb ROI: N/A Traditional ROI: 4.98%
254 Eastside Lane Montezuma, IA Beautiful on the water!!! 3 Bedroom, 1 3/4 bath home on lakefront with 114.92' of frontage...	3 beds \| 2 baths \| 960 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.38% Airbnb Rental Income: $null Traditional Rental Income: $1489 Airbnb ROI: N/A Traditional ROI: 0.38%
207 N 3rd Street Montezuma, IA Charming & Fully Remodeled Home in the Heart of Montezuma! Welcome to 207 N 3rd St ? a bea...	3 beds \| 2 baths \| 1,568 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.31% Airbnb Rental Income: $null Traditional Rental Income: $2296 Airbnb ROI: N/A Traditional ROI: 10.31%
160 Hillcrest Ridge Montezuma, IA	2 beds \| 1 baths \| 672 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.47% Airbnb Rental Income: $null Traditional Rental Income: $1292 Airbnb ROI: N/A Traditional ROI: 1.47%
400 S 6th Street Montezuma, IA Buyers financing fell through Gorgeous remodeled four-bedroom home on large double c...	4 beds \| 3 baths \| 1,214 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.14% Airbnb Rental Income: $null Traditional Rental Income: $2139 Airbnb ROI: N/A Traditional ROI: 9.14%
507 E Dallas St Montezuma, IA This charming and meticulously restored home is truly 'Turn-Key'. The home features gleami...	2 beds \| 1 baths \| 924 sq.ft.	$127,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.53% Airbnb Rental Income: $null Traditional Rental Income: $1130 Airbnb ROI: N/A Traditional ROI: 6.53%

Real Estate investment in Montezuma, IA

There are 33 properties for sale in the city of Montezuma . The median list price in Montezuma is $399,900 and the average price per square foot is $234. In March 2026, the average monthly cash on cash return in Montezuma is 3.00%. The average monthly rental income in Montezuma is $1,500.

Montezuma, IA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 33 investment properties available for sale in Montezuma.

In 2026, the best neighborhood to buy investment property is Montezuma.

The ROI for Long-Term is higher than the Short-Term in Montezuma with average rental income of $1,500.

Your search for investment property begins and ends here

Investment Property for Sale in Montezuma, IA

134 Hillcrest Ridge

Montezuma, IA

4 beds | 3 baths | 2,176 sq.ft.

$1,600,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.7%

Airbnb Rental Income: $null

Traditional Rental Income: $1500

Airbnb ROI: N/A

Traditional ROI: -0.7%

207 Cottage Lane

Montezuma, IA

3 beds | 2 baths | 998 sq.ft.

$609,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.02%

Airbnb Rental Income: $null

Traditional Rental Income: $1803

Airbnb ROI: N/A

Traditional ROI: 1.02%

204 Eastside Lane

Montezuma, IA

3 beds | 2 baths | 1,430 sq.ft.

$378,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.06%

Airbnb Rental Income: $null

Traditional Rental Income: $1489

Airbnb ROI: N/A

Traditional ROI: 2.06%

106 E Jefferson Street

Montezuma, IA

3 beds | 2 baths | 2,033 sq.ft.

$219,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.89%

Airbnb Rental Income: $null

Traditional Rental Income: $1979

Airbnb ROI: N/A

Traditional ROI: 6.89%

144 Center Point Drive

Montezuma, IA

2 beds | 1 baths | 862 sq.ft.

$489,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.14%

Airbnb Rental Income: $null

Traditional Rental Income: $941

Airbnb ROI: N/A

Traditional ROI: 0.14%

304 W Main Street

Montezuma, IA

3 beds | 3 baths | 1,759 sq.ft.

$255,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.06%

Airbnb Rental Income: $null

Traditional Rental Income: $2568

Airbnb ROI: N/A

Traditional ROI: 8.06%

147 Hillcrest Ridge

Montezuma, IA

2 beds | 1 baths | 888 sq.ft.

$429,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.82%

Airbnb Rental Income: $null

Traditional Rental Income: $1476

Airbnb ROI: N/A

Traditional ROI: 1.82%

101 Vista Drive

Montezuma, IA

2 beds | 3 baths | 1,120 sq.ft.

$540,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.86%

Airbnb Rental Income: $null

Traditional Rental Income: $1911

Airbnb ROI: N/A