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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Hammond, IL
$ 119,900
ROI
23.4
Cash Flow/m
120- 4 Bed
- 2 Bath
- 1665 sft
708 S East St, Hammond, IL, 61929
$ 132,000
ROI
48.7Cash Flow/m
1062- - Bed
- - Bath
- - sft
704 S D St, Hammond, IL, 61929
$ 147,000
ROI
23.0Cash Flow/m
130- 3 Bed
- 1 Bath
- 1637 sft
204 W 1st St, Hammond, IL, 61929
$ 199,900
ROI
22.6Cash Flow/m
159- 3 Bed
- 3 Bath
- 2142 sft
507 S C St, Hammond, IL, 61929
Why Invest in Hammond, Illinois?
Investing in Hammond, IL, where homes are available under $500k, offers a unique opportunity for investors looking to enter the real estate market. With a rental yield of approximately 8% and a competitive cap rate of 7.5%, it's an attractive option for generating cash flow. The region's affordable housing combined with steady demand makes it a key area for investment.
10%
Avg. ROI
8%
Rental Yield
7.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average home price in Hammond, IL, typically ranges from $150,000 to $200,000. Investing under $500k opens up many opportunities in this market.
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