Under $500K Investment Properties for Sale in Herrin, IL
Listed for sale 3 days ago
$ 314,500
ROI
23.0
Cash Flow/m
280- 4 Bed
- 2 Bath
- 2200 sft
3221 Palomino Ct, Herrin, IL, 62948
$ 180,000
ROI
28.3Cash Flow/m
427- 3 Bed
- 2 Bath
- 1276 sft
1807 W Cherry St, HERRIN, IL, 62948
Fix & Flip
Listed for sale 4 days ago
$ 111,500
ROI
22.3Cash Flow/m
79- 3 Bed
- 2 Bath
- 1065 sft
312 N 11th 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
Why Invest in Herrin, Illinois?
Investing in Herrin, IL, presents a unique opportunity for buyers looking for properties under $500k. With a growing rental market and competitive pricing, investors can achieve strong cash flow along with attractive rental yields. Herrin's real estate market boasts an average rent that is both affordable and accessible, making it an ideal location for new and experienced investors alike.
8.5%
Avg. ROI
7.2%
Rental Yield
9.1%
Cap Rate
$300/mo
Avg. Cash Flow
$800/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental rate in Herrin for properties priced under $500k is approximately $800 per month, making it accessible for many renters.
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