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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Colfax, IL
$ 160,000
ROI
23.7
Cash Flow/m
177- 2 Bed
- 1 Bath
- 1344 sft
405 S Grove St, Colfax, IL, 61728
$ 179,000
ROI
25.7Cash Flow/m
294- 4 Bed
- 2 Bath
- 1902 sft
302 E Main St, Colfax, IL, 61728
$ 184,400
ROI
44.4Cash Flow/m
1199- 3 Bed
- 2 Bath
- 2506 sft
203 N Brook St, Colfax, IL, 61728
$ 150,000
ROI
35.3Cash Flow/m
604- 3 Bed
- 1 Bath
- 1104 sft
506 N Grove St, Colfax, IL, 61728
Why Invest in Colfax, Illinois?
Investing in Colfax, IL, offers opportunities under $200k, making it an attractive option for budget-conscious investors. With an avg. ROI of 9% and a rental yield of 6%, this area provides solid returns for rental properties. The local economy is supported by stable employment, and affordability continues to attract renters.
9%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1000/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Colfax is approximately $1,000 per month, making it affordable for many renters in the area. This price point is attractive for both investors and residents.
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