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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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?
Effingham, IL, is an attractive location for real estate investors, particularly for properties priced under $500k. The region offers a favorable rental yield, making it an enticing opportunity for consistent cash flow. With a stable job market and an affordable cost of living, investing in Effingham can provide a strong return on investment.
7%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$400/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average home price in Effingham is around $180,000, which makes it an affordable market for many investors. Properties under $500k are plentiful, providing various investment options.
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