Under $500K Investment Properties for Sale in Carbondale, IL
Listed for sale 3 days ago
$ 134,900
ROI
23.2
Cash Flow/m
129- 3 Bed
- 2 Bath
- 1620 sft
1145 E Walnut St, Carbondale, IL, 62901
Fix & Flip
Listed for sale 4 days ago
$ 135,000
ROI
22.5Cash Flow/m
105- 3 Bed
- 2 Bath
- 1330 sft
108 S Hewitt St, Carbondale, IL, 62901
Listed for sale 6 days ago
$ 134,900
ROI
23.1Cash Flow/m
126- 3 Bed
- 2 Bath
- 1223 sft
1504 W Walnut St, Carbondale, IL, 62901
$ 139,000
ROI
28.2Cash Flow/m
326- 3 Bed
- 3 Bath
- 2488 sft
701 S Benwood Dr, Carbondale, IL, 62901
Why Invest in Carbondale, Illinois?
Investing in Carbondale, IL, especially in properties under $500k, offers a unique opportunity for growth. This college town has a stable rental market buoyed by student demand, with a typical appreciation rate of around 3% annually. Investors can expect a healthy cash flow and favorable cap rates, making it an attractive option for those looking to enter the real estate market.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental price in Carbondale is around $1,200, making it affordable for many students and professionals. This price point continues to provide a solid return on investment for landlords.
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