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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
Fix & Flip
Listed for sale 1 day ago
$ 139,900
ROI
23.5
Cash Flow/m
147- 4 Bed
- 2 Bath
- 1901 sft
2057 Cleveland Blvd, Granite City, IL, 62040
Listed for sale 1 day ago
$ 130,000
ROI
29.7Cash Flow/m
358- 2 Bed
- 1 Bath
- 840 sft
4713 Warnock Ave, Granite City, IL, 62040
Listed for sale 1 day ago
$ 169,900
ROI
27.8Cash Flow/m
382- 3 Bed
- 2 Bath
- 1614 sft
4219 Old Alton Rd, Granite City, IL, 62040
Fix & Flip
Listed for sale 3 days ago
$ 180,000
ROI
24.5Cash Flow/m
237- 3 Bed
- 1 Bath
- 1016 sft
2622 Pontoon Rd, 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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