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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Carterville, IL
$ 225,000
ROI
19.9
Cash Flow/m
5- 5 Bed
- 3 Bath
- 1646 sft
1302 Susan Ln, Carterville, IL, 62918
$ 264,900
ROI
30.6Cash Flow/m
803- 3 Bed
- 2 Bath
- 1474 sft
6123 Chandler Dr, Carterville, IL, 62918
$ 225,000
ROI
20.6Cash Flow/m
50- 4 Bed
- 2 Bath
- 2861 sft
741 S Division St, Carterville, IL, 62918
$ 199,900
ROI
23.5Cash Flow/m
206- 3 Bed
- 2 Bath
- 1538 sft
615 E Grand Ave, Carterville, IL, 62918
Why Invest in Carterville, Illinois?
Carterville, IL offers an enticing opportunity for real estate investors looking for properties under $300K. With a local rental yield of around 8% and an appreciation rate of 3% annually, this market is perfect for both short-term and long-term investment strategies. The affordable average rent of $1,200 makes it an attractive option for renters, providing steady cash flow for investors.
10%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Carterville, IL is approximately 8%, making it an attractive option for real estate investors.
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