Under $300K Investment Properties for Sale in Cherokee, IA

Property at 888 Aster Dr, Cherokee, IA
Currently Rented
Rental Income
Listed for sale 6 days ago
$ 250,000
ROI
25.1ROI percentage
Cash Flow/m
Dollar sign372
  • 3 Bed
  • 2 Bath
  • 1232 sft
888 Aster Dr, Cherokee, IA, 51012
Property at 115 N 8th St, Cherokee, IA
$ 169,500
ROI
24.2ROI percentage
Cash Flow/m
Dollar sign208
  • 3 Bed
  • 3 Bath
  • 2075 sft
115 N 8th St, Cherokee, IA, 51012
Property at 426 W Cedar St, Cherokee, IA
$ 199,000
ROI
29.6ROI percentage
Cash Flow/m
Dollar sign547
  • 4 Bed
  • 2 Bath
  • 1615 sft
426 W Cedar St, Cherokee, IA, 51012
Property at 930 Harris St, Cherokee, IA
$ 124,900
ROI
26.4ROI percentage
Cash Flow/m
Dollar sign230
  • 1 Bed
  • 1 Bath
  • 1108 sft
930 Harris St, Cherokee, IA, 51012

Why Invest in Cherokee, Iowa?

Cherokee, Iowa, is an appealing location for real estate investment, especially for properties under $300k. The low cost of living and strong community support make it a great choice for new and seasoned investors alike. With an average rental yield of 7% and an appreciation rate of 4%, Cherokee offers favorable conditions for sustained growth in property values.

8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$250/mo
Avg. Cash Flow
$800/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

As of the latest figures, the average home price in Cherokee is around $150,000, making it an affordable option for many investors and first-time buyers.

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