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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Effingham, IL
Listed for sale 1 day ago
$ 149,900
ROI
29.4
Cash Flow/m
400- 3 Bed
- 1 Bath
- 960 sft
906 W Franklin Ave, Effingham, IL, 62401
Listed for sale 1 day ago
$ 245,000
ROI
20.0Cash Flow/m
16- 3 Bed
- 3 Bath
- 2400 sft
902 N Oceola St, Effingham, IL, 62401
$ 168,000
ROI
25.6Cash Flow/m
275- 3 Bed
- 2 Bath
- 1950 sft
610 S Mulberry St, Effingham, IL, 62401
$ 169,000
ROI
25.5Cash Flow/m
268- 3 Bed
- 2 Bath
- 1504 sft
902 S 4th St, Effingham, IL, 62401
Why Invest in Effingham, Illinois?
Investing in Effingham, IL offers an attractive opportunity with its low cost of living and stable rental market. With strong local employment opportunities and growing community development, investors can expect a favorable return on investment for rental properties.
8.5%
Avg. ROI
7.2%
Rental Yield
6%
Cap Rate
$250/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Effingham, IL is approximately 7.2%, making it a competitive market for real estate investors.
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