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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
$ 159,000
ROI
32.9
Cash Flow/m
580- 3 Bed
- 1 Bath
- 2292 sft
316 S School St, Colfax, IL, 61728
Fix & Flip
$ 147,500
ROI
21.9Cash Flow/m
88- 3 Bed
- 2 Bath
- 2840 sft
108 E Grant St, Colfax, IL, 61722
$ 185,000
ROI
27.8Cash Flow/m
416- 2 Bed
- 1 Bath
- 1319 sft
410 E Fifer St, Colfax, IL, 61728
$ 155,000
ROI
22.4Cash Flow/m
112- 3 Bed
- 2 Bath
- 1199 sft
301 W Main 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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