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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K 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
$ 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
$ 137,500
ROI
23.5Cash Flow/m
144- 3 Bed
- 1 Bath
- 920 sft
907 E Jefferson Ave, Effingham, IL, 62401
Why Invest in Effingham, Illinois?
Investing in Effingham, IL, especially in properties under $200k, presents an attractive opportunity due to its growing rental market. With an average rental yield of 7% and rising demand, new investors can expect steady cash flow in this region. Effingham's population growth and affordable property prices create a favorable environment for long-term appreciation.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$850/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
Effingham offers affordable property prices and a steady rental yield, making it an attractive option for investors. The area's economic stability and positive growth trends further enhance its investment potential.
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