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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K 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, IL, provides an opportunity to purchase properties under $300k in a market with a steady demand. With an average rental yield of 8% and a cap rate of around 7%, investors can expect solid returns. Additionally, Granite City's property values have shown consistent appreciation, making it a sound investment choice for long-term financial growth.
10%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent for properties in Granite City, IL, is approximately $1,200 per month, reflecting the area's demand for rental housing.
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