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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Effingham, IL
$ 152,900
ROI
20.2
Cash Flow/m
19- 2 Bed
- 1 Bath
- 1084 sft
406 W Saint Louis Ave #B, Effingham, IL, 62401
$ 120,000
ROI
27.2Cash Flow/m
248- 2 Bed
- 1 Bath
- 969 sft
702 W Richland Ave #A, Effingham, IL, 62401
$ 120,000
ROI
27.2Cash Flow/m
248- 2 Bed
- 1 Bath
- 969 sft
702 W Richland Ave #B, Effingham, IL, 62401
$ 154,000
ROI
20.0Cash Flow/m
12- 2 Bed
- 2 Bath
- 1224 sft
114 S Maple St, Effingham, IL, 62401
Why Invest in Effingham, Illinois?
Investing in multi-family properties in Effingham, IL, offers unique benefits, with strong rental yields and rising demand for rental housing. With an average cash flow of $1,200 and a cap rate of 7.5%, investors can expect reliable returns. The housing market shows solid appreciation trends and a growing renter-occupied population, making this an attractive investment destination.
12%
Avg. ROI
8%
Rental Yield
7.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The rental market in Effingham is strong, with a 4% rental growth rate and a low vacancy rate of 3%. This indicates a healthy demand for rental properties, making it a good investment opportunity.
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