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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Homewood, IL
Fix & Flip
Listed for sale 4 days ago
$ 124,900
ROI
23.0
Cash Flow/m
113- 2 Bed
- 1 Bath
- 949 sft
2141 Spruce Rd, Homewood, IL, 60430
Listed for sale 5 days ago
$ 275,000
ROI
32.8Cash Flow/m
1001- 4 Bed
- 2 Bath
- - sft
1712 Linden Rd, Homewood, IL, 60430
Listed for sale 5 days ago
$ 234,900
ROI
29.7Cash Flow/m
651- 2 Bed
- 1 Bath
- 1144 sft
2444 183rd St, Homewood, IL, 60430
Fix & Flip
$ 255,000
ROI
20.2Cash Flow/m
33- 3 Bed
- 2 Bath
- 1206 sft
18516 Riegel Rd, Homewood, IL, 60430
Why Invest in Homewood, Illinois?
Homewood, IL offers a unique opportunity for real estate investors, particularly for properties under $500k. The area is experiencing steady demand with an average rental yield of 7% and an appreciation rate of 3% per year. Investors can expect reasonable cash flows and a renter-occupied rate of around 70%, making it a favorable market for both rental properties and potential capital gains.
10%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental price in Homewood is about $1,200 per month, making it an attractive area for both renters and investors.
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