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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 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 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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