Under $500K Investment Properties for Sale in Bloomington, IL
512- 2 Bed
- 2 Bath
- 1064 sft
4- 4 Bed
- 3 Bath
- 2288 sft
477- 3 Bed
- 3 Bath
- 2429 sft
118- 4 Bed
- 2 Bath
- 1371 sft
Why Invest in Bloomington, Illinois?
Bloomington, IL offers strong investment opportunities in homes under $500k, with median prices around $250k providing accessible entry points. Recent appreciation of 5-8% annually supports long-term growth, while stable rental demand from a diverse workforce yields solid cash flows. Cap rates hover around 6-7%, making these properties attractive for cash-flow-focused investors. The local economy, anchored by major employers, ensures consistent occupancy and low vacancy risks. With Illinois housing prices projected to rise 3.4% in 2026, under-$500k homes position investors for equity buildup.
Frequently Asked Questions
Investors can expect 6-8% cap rates and 8-9% ROI on under $500k properties, driven by $1,400 average rents and 6% appreciation. Cash flow averages $400-500 monthly after expenses. Stable occupancy from universities and employers supports consistent performance.
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