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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 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?
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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