Investment Properties Under $500K in Elwood, IL | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $500K Investment Properties for Sale in Elwood, IL

Property at 804 Deerpath Ln, Elwood, IL
$ 299,900
ROI
23.4ROI percentage
Cash Flow/m
Dollar sign300
  • 3 Bed
  • 3 Bath
  • 1500 sft
804 Deerpath Ln, Elwood, IL, 60421
Property at 897 Meadowbrook Rd, Elwood, IL
$ 330,000
ROI
19.9ROI percentage
Cash Flow/m
Dollar sign10
  • 2 Bed
  • 3 Bath
  • 2800 sft
897 Meadowbrook Rd, Elwood, IL, 60421
Property at 802 Eagle Creek Rd, Elwood, IL
$ 285,000
ROI
29.5ROI percentage
Cash Flow/m
Dollar sign773
  • 3 Bed
  • 3 Bath
  • 2800 sft
802 Eagle Creek Rd, Elwood, IL, 60421
Property at 17657 W Kinder Dr, Elwood, IL
Fix & Flip
$ 330,000
ROI
20.7ROI percentage
Cash Flow/m
Dollar sign87
  • 3 Bed
  • 3 Bath
  • 2100 sft
17657 W Kinder Dr, Elwood, IL, 60421

Why Invest in Elwood, Illinois?

Elwood, IL is a growing community that offers properties under $500k, making it a great choice for first-time investors. The area's affordability, combined with a steady demand for rental housing, creates lucrative investment opportunities. With average rent prices showing strong growth, investors can anticipate favorable cash flow returns.

8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average rent in Elwood is approximately $1,200 per month, showing a robust demand for rental properties.

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