Real Estate Investment Properties for Sale in Cherokee, IA

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

Explore a variety of short-term homes & houses in Cherokee, IA. Invest wisely with VRBO & Cherokee, 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 Cherokee, IA

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6911-10 F48 W Highway Cherokee, IA Stunning views and low utilities with this picture perfect berm home with HUGE 2000 ft. ga...	3 beds \| 2 baths \| 2,112 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.95% Airbnb Rental Income: $null Traditional Rental Income: $2750 Airbnb ROI: N/A Traditional ROI: 2.95%
13 S Bow Drive Cherokee, IA Beautiful 3~bedroom, 2~bath home with awesome curb appeal and thoughtful updates throughou...	3 beds \| 2 baths \| 2,090 sq.ft.	$199,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.93% Airbnb Rental Income: $null Traditional Rental Income: $2566 Airbnb ROI: N/A Traditional ROI: 10.93%
720 HYLAND AVE Cherokee, IA Beautifully updated and move~in ready!! This spacious 4~bedroom, 3~bath home features mode...	4 beds \| 3 baths \| 2,450 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.44% Airbnb Rental Income: $null Traditional Rental Income: $3027 Airbnb ROI: N/A Traditional ROI: 10.44%
311 N 11TH ST Cherokee, IA Step into this beautiful two-story home, where traditional charm meets modern comfort, all...	4 beds \| 2 baths \| 2,255 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.72% Airbnb Rental Income: $null Traditional Rental Income: $1733 Airbnb ROI: N/A Traditional ROI: 4.72%
301 S 8TH ST Cherokee, IA Step into the charm of 1905 with this beautifully preserved yet thoughtfully updated home ...	4 beds \| 3 baths \| 1,868 sq.ft.	$209,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.9% Airbnb Rental Income: $null Traditional Rental Income: $2817 Airbnb ROI: N/A Traditional ROI: 11.9%
519 N Ninth St. Cherokee, IA Step into this charming two-story home featuring beautiful oak kitchen cabinets paired wit...	3 beds \| 1 baths \| 1,476 sq.ft.	$169,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.39% Airbnb Rental Income: $null Traditional Rental Income: $973 Airbnb ROI: N/A Traditional ROI: 3.39%
222 & 224 W Elm Street Cherokee, IA GREAT FOR INVESTMENT PROPERTY!!! This is a duplex with one unit on main floor and one on t...	N/A beds \| N/A baths \| 1,952 sq.ft.	$150,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 5.14% Airbnb Rental Income: $851 Traditional Rental Income: $1020 Airbnb ROI: 1.66% Traditional ROI: 5.14%
888 ASTER DR Cherokee, IA Tired of damp basements? Have you ever considered a Pad Home? These homes are constructe...	3 beds \| 2 baths \| 1,247 sq.ft.	$243,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.58% Airbnb Rental Income: $null Traditional Rental Income: $2314 Airbnb ROI: N/A Traditional ROI: 8.58%
5065 HIGHWAY 3 Cherokee, IA Welcome to your own slice of country paradiseâjust a mile from Cherokee on Hwy 3!! This ...	3 beds \| 3 baths \| 3,143 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.87% Airbnb Rental Income: $null Traditional Rental Income: $2824 Airbnb ROI: N/A Traditional ROI: 4.87%
524 W Elm St Cherokee, IA Looking for a completely remodeled 1.5 story, 3 bedroom place to call home? Have a look at...	3 beds \| 2 baths \| 1,890 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.54% Airbnb Rental Income: $null Traditional Rental Income: $2337 Airbnb ROI: N/A Traditional ROI: 8.54%
544 Park Ave Cherokee, IA This is a pretty home on a pretty lot. The home is located in a popular neighborhood. It...	3 beds \| 2 baths \| 1,620 sq.ft.	$168,500	Airbnb cash on cash: N/A Traditional cash on cash: 11.09% Airbnb Rental Income: $null Traditional Rental Income: $2176 Airbnb ROI: N/A Traditional ROI: 11.09%
1104 W CEDAR ST Cherokee, IA *Now offering to pay for a one year warranty for the buyer!!!* Charming Victorian Rev...	4 beds \| 3 baths \| 2,596 sq.ft.	$284,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.17% Airbnb Rental Income: $null Traditional Rental Income: $2873 Airbnb ROI: N/A Traditional ROI: 9.17%
919 W Cherry St Cherokee, IA This large home 4 bedroom, 1 bath home has great potential for the buyer! The main floor h...	4 beds \| 1 baths \| 2,072 sq.ft.	$172,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.76% Airbnb Rental Income: $null Traditional Rental Income: $1919 Airbnb ROI: N/A Traditional ROI: 8.76%
932 Hill Street Cherokee, IA Going, Going, Going to be gone quick!! Don`t miss out on this updated cottage style home. ...	3 beds \| 1 baths \| 1,567 sq.ft.	$164,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.78% Airbnb Rental Income: $null Traditional Rental Income: $1766 Airbnb ROI: N/A Traditional ROI: 8.78%
865 Aster Dr Cherokee, IA Stunning New Home by Local Builders â A Perfect Blend of Comfort and Style!! Welcome...	4 beds \| 4 baths \| 2,335 sq.ft.	$439,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.5% Airbnb Rental Income: $null Traditional Rental Income: $3197 Airbnb ROI: N/A Traditional ROI: 6.5%
934 W CEDAR ST Cherokee, IA Welcome to 934 W Cedar St in Cherokee, IA!! This spacious home is perfectly located on the...	4 beds \| 3 baths \| 1,829 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.53% Airbnb Rental Income: $null Traditional Rental Income: $2464 Airbnb ROI: N/A Traditional ROI: 7.53%
411 ASH ST Cherokee, IA Welcome to 411 Ash St, Cherokee, IA â A Meticulously Maintained Ranch Home on an Oversiz...	3 beds \| 2 baths \| 2,491 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.34% Airbnb Rental Income: $null Traditional Rental Income: $2622 Airbnb ROI: N/A Traditional ROI: 10.34%

Real Estate investment in Cherokee, IA

There are 17 properties for sale in the city of Cherokee . The median list price in Cherokee is $168,500 and the average price per square foot is $88. In December 2025, the average monthly cash on cash return in Cherokee is 11.00%. The average monthly rental income in Cherokee is $2,319.

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

There are 17 investment properties available for sale in Cherokee.

In 2025, the best neighborhood to buy investment property is Cherokee.

The ROI for Short-Term is higher than the Long-Term in Cherokee with average rental income of $1,490.

Your search for investment property begins and ends here

Investment Property for Sale in Cherokee, IA

6911-10 F48 W Highway

Cherokee, IA

3 beds | 2 baths | 2,112 sq.ft.

$575,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.95%

Airbnb Rental Income: $null

Traditional Rental Income: $2750

Airbnb ROI: N/A

Traditional ROI: 2.95%

13 S Bow Drive

Cherokee, IA

3 beds | 2 baths | 2,090 sq.ft.

$199,500

Airbnb cash on cash: N/A

Traditional cash on cash: 10.93%

Airbnb Rental Income: $null

Traditional Rental Income: $2566

Airbnb ROI: N/A

Traditional ROI: 10.93%

720 HYLAND AVE

Cherokee, IA

4 beds | 3 baths | 2,450 sq.ft.

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.44%

Airbnb Rental Income: $null

Traditional Rental Income: $3027

Airbnb ROI: N/A

Traditional ROI: 10.44%

311 N 11TH ST

Cherokee, IA

4 beds | 2 baths | 2,255 sq.ft.

$239,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.72%

Airbnb Rental Income: $null

Traditional Rental Income: $1733

Airbnb ROI: N/A

Traditional ROI: 4.72%

301 S 8TH ST

Cherokee, IA

4 beds | 3 baths | 1,868 sq.ft.

$209,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.9%

Airbnb Rental Income: $null

Traditional Rental Income: $2817

Airbnb ROI: N/A

Traditional ROI: 11.9%

519 N Ninth St.

Cherokee, IA

3 beds | 1 baths | 1,476 sq.ft.

$169,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.39%

Airbnb Rental Income: $null

Traditional Rental Income: $973

Airbnb ROI: N/A

Traditional ROI: 3.39%

222 & 224 W Elm Street

Cherokee, IA

N/A beds | N/A baths | 1,952 sq.ft.

$150,000

Airbnb cash on cash: 1.66%

Traditional cash on cash: 5.14%

Airbnb Rental Income: $851

Traditional Rental Income: $1020

Airbnb ROI: 1.66%

Traditional ROI: 5.14%

888 ASTER DR

Cherokee, IA

3 beds | 2 baths | 1,247 sq.ft.

$243,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.58%

Airbnb Rental Income: $null

Traditional Rental Income: $2314

Airbnb ROI: N/A