Under $500K Investment Properties for Sale in Cherokee, IA
Currently Rented
Rental Income
Listed for sale 6 days ago
$ 250,000
ROI
25.1
Cash Flow/m
372- 3 Bed
- 2 Bath
- 1232 sft
888 Aster Dr, Cherokee, IA, 51012
$ 169,500
ROI
24.2Cash Flow/m
208- 3 Bed
- 3 Bath
- 2075 sft
115 N 8th St, Cherokee, IA, 51012
$ 339,900
ROI
21.1Cash Flow/m
127- 5 Bed
- 3 Bath
- 2463 sft
5317 O Ave, Cherokee, IA, 51012
$ 199,000
ROI
29.6Cash Flow/m
547- 4 Bed
- 2 Bath
- 1615 sft
426 W Cedar St, Cherokee, IA, 51012
Why Invest in Cherokee, Iowa?
Investing under $500k in Cherokee, IA offers a unique opportunity. This market is characterized by steady rental yields and affordable home prices. With an average rental yield around 6%, your investment could flourish in a town that is experiencing positive economic trends and growth.
7.5%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average home price in Cherokee is around $180,000, making it an affordable choice for investors.
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