Under $200K Investment Properties for Sale in Herrin, IL
Fix & Flip
Listed for sale 4 days ago
$ 111,500
ROI
22.3
Cash Flow/m
79- 3 Bed
- 2 Bath
- 1065 sft
312 N 11th St, Herrin, IL, 62948
$ 180,000
ROI
28.3Cash Flow/m
427- 3 Bed
- 2 Bath
- 1276 sft
1807 W Cherry St, HERRIN, IL, 62948
Listed for sale 7 days ago
$ 195,000
ROI
28.2Cash Flow/m
459- 3 Bed
- 2 Bath
- 1356 sft
217 N 21st St, Herrin, IL, 62948
$ 115,000
ROI
23.4Cash Flow/m
115- 2 Bed
- 2 Bath
- 1100 sft
1013 N 12th St, Herrin, IL, 62948
Why Invest in Herrin, Illinois?
Investing in Herrin, IL presents a fantastic opportunity, especially for budget-conscious buyers looking for properties under $200k. With a focus on affordability, the investment landscape offers competitive average rental yields and steadily increasing property values. Herrin's real estate market is showing promise in terms of cash flow potential and demographic stability, making it an ideal location for growth-oriented investors.
7.5%
Avg. ROI
8%
Rental Yield
6.5%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average price of homes in Herrin is under $200,000, making it an affordable market for various buyers. This pricing can allow investors to find good deals in a competitive landscape.
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