Under $500K Investment Properties for Sale in Effingham, IL
Fix & Flip
Listed for sale 7 days ago
$ 129,900
ROI
22.4
Cash Flow/m
95- 3 Bed
- 2 Bath
- 1212 sft
503 E Section Ave, Effingham, IL, 62401
Fix & Flip
$ 189,900
ROI
22.1Cash Flow/m
123- 3 Bed
- 2 Bath
- 2224 sft
405 E Market Ave, Effingham, IL, 62401
$ 150,000
ROI
20.7Cash Flow/m
40- 2 Bed
- 1 Bath
- 1092 sft
1007 W Edgar Ave, Effingham, IL, 62401
$ 179,900
ROI
23.6Cash Flow/m
192- 3 Bed
- 2 Bath
- 1176 sft
212 W Douglas Ave, 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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