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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Hoopeston, IL
Listed for sale 4 days ago
$ 144,500
ROI
20.2
Cash Flow/m
18- 4 Bed
- 2 Bath
- 2350 sft
712 E Washington St, Hoopeston, IL, 60942
Motivated Seller
$ 114,900
ROI
26.7Cash Flow/m
223- 3 Bed
- 1 Bath
- 1348 sft
502 W Elm St, Hoopeston, IL, 60942
$ 135,000
ROI
22.0Cash Flow/m
84- 4 Bed
- 2 Bath
- 2242 sft
518 S Market St, Hoopeston, IL, 60942
$ 180,000
ROI
25.7Cash Flow/m
296- 3 Bed
- 2 Bath
- 1778 sft
726 E Thompson Ave, Hoopeston, IL, 60942
Why Invest in Hoopeston, Illinois?
Investing in Hoopeston, IL could be a strategic decision for those seeking affordable rental properties. The city's rental market has shown signs of stability with modest average rents and a good rental yield. With a cap rate around 8% and a renter-occupied rate of approximately 60%, this small town offers promising opportunities for long-term investments.
7.5%
Avg. ROI
9.2%
Rental Yield
8%
Cap Rate
$200/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Hoopeston is approximately $850 per month, which is relatively affordable compared to many urban areas. This makes it an attractive option for renters and investors alike.
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