Under $500K Investment Properties for Sale in Geneseo, IL
Listed for sale 4 days ago
$ 229,000
ROI
21.8
Cash Flow/m
130- 2 Bed
- 2 Bath
- 1215 sft
501 Primrose Ln, Geneseo, IL, 61254
$ 199,000
ROI
29.6Cash Flow/m
544- 3 Bed
- 2 Bath
- 1420 sft
423 E South St, Geneseo, IL, 61254
$ 145,000
ROI
23.2Cash Flow/m
140- 3 Bed
- 1 Bath
- 1384 sft
545 E Exchange St, Geneseo, IL, 61254
$ 129,900
ROI
22.3Cash Flow/m
93- 2 Bed
- 1 Bath
- 864 sft
206 S Spring St, Geneseo, IL, 61254
Why Invest in Geneseo, Illinois?
Investing in Geneseo, IL, particularly for properties under $500k, presents an excellent opportunity due to its attractive home prices and solid rental yields. The local real estate market benefits from a balance of affordable housing options and steady demand given the area’s vibrant community and low unemployment rates. With average rental yields around 7% and a cap rate of 8%, investors can expect promising returns.
12%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$250/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average home price in Geneseo, IL is currently around $200,000, making it a highly attractive market for first-time homebuyers and investors looking for properties under $500k.
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