Under $500K Investment Properties for Sale in Elwood, IL
Fix & Flip
Listed for sale 4 days ago
$ 219,900
ROI
26.2
Cash Flow/m
395- 5 Bed
- 2 Bath
- - sft
101 S Lincoln St, Elwood, IL, 60421
Listed for sale 5 days ago
$ 344,999
ROI
30.2Cash Flow/m
998- 3 Bed
- 3 Bath
- - sft
911 Cottonwood Dr, Elwood, IL, 60421
$ 249,999
ROI
22.4Cash Flow/m
186- 2 Bed
- 1 Bath
- 1000 sft
108 E Morris St, Elwood, IL, 60421
$ 450,000
ROI
20.8Cash Flow/m
125- 4 Bed
- 3 Bath
- 2600 sft
118 Bushthorn 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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