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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Granite City, IL
Listed for sale today
$ 139,900
ROI
22.0
Cash Flow/m
87- 3 Bed
- 1 Bath
- 900 sft
4265 Marigold Dr, Granite City, IL, 62040
Listed for sale 1 day ago
$ 130,000
ROI
23.7Cash Flow/m
142- 3 Bed
- 1 Bath
- 1253 sft
6 Watertown Cir, Granite City, IL, 62040
Listed for sale 1 day ago
$ 199,000
ROI
23.0Cash Flow/m
180- 3 Bed
- 1 Bath
- 1872 sft
4131 Old Alton Rd, Granite City, IL, 62040
Listed for sale 2 days ago
$ 149,900
ROI
23.5Cash Flow/m
155- 3 Bed
- 2 Bath
- 1384 sft
2705 Marshall Ave, Granite City, IL, 62040
Why Invest in Granite City, Illinois?
Investing in Granite City is appealing, especially with properties under $200K. The market shows promising rental yields of around 7%, making it an attractive option for investors seeking affordable housing opportunities and potential cash flow. Furthermore, the area has a steady influx of renters, contributing to a strong demand for rental units.
10%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Granite City is approximately $950 per month, making it affordable for many families and individuals.
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