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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 3 days ago
$ 114,500
ROI
30.2
Cash Flow/m
331- 3 Bed
- 1 Bath
- 1016 sft
200 N Oakland Ave, Carbondale, IL, 62901
Listed for sale 5 days ago
$ 295,000
ROI
26.9Cash Flow/m
587- 4 Bed
- 3 Bath
- 2684 sft
1004 S Taylor Dr, Carbondale, IL, 62901
Listed for sale 5 days ago
$ 249,900
ROI
26.7Cash Flow/m
481- 4 Bed
- 2 Bath
- 2100 sft
2016 W Norwood Dr, Carbondale, IL, 62901
Rental Income
Listed for sale 6 days ago
$ 134,900
ROI
27.7Cash Flow/m
297- 2 Bed
- 1 Bath
- 936 sft
2041 S Illinois Ave, Carbondale, IL, 62903
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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