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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Carmi, IL
Listed for sale today
$ 195,000
ROI
26.0
Cash Flow/m
338- 4 Bed
- 5 Bath
- 3500 sft
302 W Main St, Carmi, IL, 62821
Listed for sale 1 day ago
$ 125,000
ROI
22.9Cash Flow/m
108- 3 Bed
- 2 Bath
- 1176 sft
403 Cora St, Carmi, IL, 62821
$ 199,000
ROI
28.2Cash Flow/m
466- 3 Bed
- 2 Bath
- 2100 sft
609 Elm St, Carmi, IL, 62821
$ 225,000
ROI
20.6Cash Flow/m
52- 3 Bed
- 3 Bath
- 3078 sft
300 Plum St, Carmi, IL, 62821
Why Invest in Carmi, Illinois?
Investing in properties under $500k in Carmi presents a unique opportunity for investors looking to enter the real estate market. With a competitive average return on investment (ROI) and a steady rental yield, Carmi has proven to be appealing for both new and seasoned investors. The area's ongoing development and economic growth promise potential appreciation and a stable rental market.
8%
Avg. ROI
7%
Rental Yield
10%
Cap Rate
$200/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
In Carmi, you can find a variety of homes including single-family residences and some multifamily units. These options are ideal for both living and investing.
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