Investment House Okoboji

Here are some considerations for choosing an investment house in Okoboji, IA, in July 2023. According to MashVisor.com, real estate investment performance here, on average, includes the following: a median property sale price of $194,250 with an average of 1056 sq ft. Cash-on-cash return was 3% for traditional and 5% for Airbnb. Rental income was $1112 for traditional and $1850 for Airbnb.

These numbers are based on two investment properties, four traditional properties, and 175 Airbnb properties. It’s also based on an Airbnb occupancy rate of 37%. This also yielded rental prices of $1761 for one room, $1859 for two rooms, $324 for three rooms, and $3792 for four rooms. Realtor.com showed five listings of single-family homes for sale in Okoboji. Prices started in the $430s.

For $439.5K, a 4-bed/4-bath, 2115 sq ft, two-story single-family home built in 2008 on a 9932 sq ft lot included custom cabinetry, a wet bar with fridge, and heated floors in the home and the garage. The highest priced listing was $5M for a 5-bed/5.5+-bath, 6736 sq ft “raised ranch-style” single-family home built in 1984 on a .45-acre lot on West Lake Okoboji. It has a boathouse, sundeck, and 105 ft of waterfront. Depending on your specific strategy, there’s a perfect investment house for your needs.

More investment data: https://www.mashvisor.com/iowa/okoboji-investment-property-for-sale/c

• Find your ideal investment house in Okoboji with help from a local real estate expert.