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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Clay City, IL
Listed for sale 3 days ago
$ 145,000
ROI
25.9
Cash Flow/m
247- 4 Bed
- 2 Bath
- 1662 sft
112 S 8th St SE, Clay City, IL, 62824
$ 145,000
ROI
22.5Cash Flow/m
111- 4 Bed
- 2 Bath
- 2888 sft
418 S 1st St SE, Clay City, IL, 62824
$ 155,000
ROI
22.5Cash Flow/m
117- 3 Bed
- 2 Bath
- 1546 sft
212 S Clark Ave SE, Clay City, IL, 62824
$ 190,000
ROI
22.4Cash Flow/m
137- 4 Bed
- 2 Bath
- 2432 sft
119 S 6th St SW, Clay City, IL, 62824
Why Invest in Clay City, Illinois?
Investing in properties under $300k in Clay City, IL, can yield exceptional opportunities for investors. The local rental market is attractive, providing solid cash flow options with an average rental yield of 7% and competitive cap rates around 8%. The affordable price points combined with a growing renter-occupied market create favorable conditions for long-term investment.
12%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$150/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Clay City is approximately $850, which is quite affordable compared to larger cities in the state. This makes it an attractive option for renters and investors alike.
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