311 N 11th StCherokeeIA51012
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Cherokee at 311 N 11th St, Cherokee, IA, 51012 uses $81,218 cash to close to unlock $2,664/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,813/mo, and a $1,199/mo payment keeps the spread at $222/mo. Purchase price stands at $245,000, and rental yield measures 8.88% with $1,813/mo rent. Return on cash invested shows 23.19% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 120.8% and total cumulative return in cash records $98,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,813/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1892
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51012, Cherokee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 1,995 (64.6%) |
| Renter Occupied HU | 801 (25.9%) |
| Vacant Housing Units | 293 ( 9.5%) |
| Median Home Value | $181,510 |
| Average Home Value | $214,591 |
Housing Distribution
Address Breakdown
Residential
2,842
Single Family
2,479
Multi-Family
363
Businesses
342
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