Marshalltown Iowa rental market

General Landlording & Rental Properties
6yFollow

Marshalltown Iowa rental market

Saul Ballaine
Investor · Member since 2018 · 6 posts · 1 vote

Hello everyone I am interested in the Marshalltown Iowa area. I'm wondering if anyone has experience with the market and if it's a good cash flow area and what they think about the economy there. 

let me know! Thanks guys. 

and I'm not sure what form to put this in I hope it's in the right area . My post!

0Reply
13 views

7 Replies

Jump to latestLatest
  • Art Perkitny
    Specialist · Cleveland, OH · Member since 2018 · 232 posts · 348 votes
    6y

    @Saul Ballaine

    Let look at the data

    Population and home values are rather stagnant, which is neither good nor bad

    Rents have trended upwards over the past decade 

    Total vacancy is at a healthy 7%

    As for returns, with an average rent to price ratio of 0.54% I believe you will be able to find a cash flowing property

    All in all Marshalltown, Iowa seems like a decent area based on the data. I wouldn't underwrite for any appreciation however.

    0Reply
  • Matt DeBoth
    Rental Property Investor · Carroll, IA · Member since 2017 · 63 posts · 53 votes
    6y

    @Art Perkitny what software are you using for this?

    0Reply
  • Darson GranthamBusiness Member
    Realtor · Des Moines · Member since 2018 · 304 posts · 253 votes
    6y

    Lot of good discussions in this forum about Marshalltown Iowa.

    https://www.biggerpockets.com/topics/748460

    [email protected]515-612-6013
    0Reply
  • Chase Keller
    CCIM · Des Moines, IA · Member since 2014 · 341 posts · 170 votes
    6y

    Marshalltown isn’t a horrible market, but has had a long tough road with the rental market. They had a nasty tornado roll through a little while back and I don’t think there’s been a strong comeback.  You can definitely make more cashflow in some smaller markets, but you have to be careful and make sure you can find a reputable property manager. Many times the small towns don’t have much to choose from. 
    I doubt there’s any appreciation in Marshalltown either, I agree with Art there. 

    0Reply
  • Saul Ballaine
    OP
    Investor · Member since 2018 · 6 posts · 1 vote
    6y

    Thanks every and sorry for the slow response. Been in and out of service. I feel a little dumb now looking at the discussion that Darson Grantham 
    mention. This topic was well covered. Ill look harder next time before posting!

    Thanks again.  

    0Reply
  • Ryan Rush
    Rental Property Investor · Boone, IA · Member since 2019 · 55 posts · 94 votes
    5y

    I have had good luck in Marshalltown, but I'm getting over stretched, so I am now starting to sell off what I have. You can find it in the marketplace.

    0Reply
  • Harry Feng
    Member since 2019 · 1 post · 0 votes
    5y

    Where is the market place?

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free