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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Effingham, IL
Listed for sale 2 days ago
$ 219,500
ROI
21.0
Cash Flow/m
77- 3 Bed
- 2 Bath
- 1479 sft
515 E Grove Ave, Effingham, IL, 62401
Listed for sale 2 days ago
$ 199,900
ROI
20.7Cash Flow/m
53- 3 Bed
- 2 Bath
- 1408 sft
1011 Oakridge St, Effingham, IL, 62401
$ 199,000
ROI
20.8Cash Flow/m
60- 3 Bed
- 1 Bath
- 1352 sft
14677 N Court Six, Effingham, IL, 62401
$ 139,900
ROI
23.2Cash Flow/m
136- 3 Bed
- 1 Bath
- 1624 sft
302 W Virginia Ave, Effingham, IL, 62401
Why Invest in Effingham, Illinois?
Investing in Effingham, IL, offers unique opportunities, especially for properties under $300k. This area has a reliable rental market and is becoming increasingly attractive to young families and retirees alike.
8%
Avg. ROI
10%
Rental Yield
7%
Cap Rate
$200/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental rate in Effingham is about $1,200 per month, making it affordable for both renters and investors looking for positive cash flow.
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