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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Carbondale, IL
Listed for sale 1 day ago
$ 158,500
ROI
22.9
Cash Flow/m
137- 3 Bed
- 1 Bath
- 988 sft
312 S Plover Dr, Carbondale, IL, 62901
Listed for sale 3 days ago
$ 149,900
ROI
22.1Cash Flow/m
98- 3 Bed
- 2 Bath
- 1532 sft
2322 Broken Handle Ln, Carbondale, IL, 62902
Listed for sale 3 days ago
$ 169,900
ROI
22.9Cash Flow/m
147- 4 Bed
- 2 Bath
- 1446 sft
54 Parkwood Rd, Carbondale, IL, 62903
Listed for sale 4 days ago
$ 169,900
ROI
21.0Cash Flow/m
60- 8 Bed
- 5 Bath
- 1700 sft
1548 E Gary Dr, Carbondale, IL, 62902
Why Invest in Carbondale, Illinois?
Investing in Carbondale, IL, with properties under $300k offers a unique opportunity to tap into a growing market. With a rental yield of around 7% and an average ROI of 10%, the area attracts young professionals and students. Furthermore, appreciation rates have hovered around 3% annually, making it an attractive proposition for real estate investors.
10%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent for apartments in Carbondale is around $1,200 per month, making it affordable for both students and families. The rental market remains competitive due to the presence of Southern Illinois University.
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