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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Jerome, IL
Listed for sale today
$ 114,900
ROI
23.7
Cash Flow/m
125- 2 Bed
- 1 Bath
- 846 sft
10 Reed Ct, Jerome, IL, 62704
Listed for sale 2 days ago
$ 164,000
ROI
22.5Cash Flow/m
123- 3 Bed
- 1 Bath
- 1677 sft
2732 S Welch Ave #1, Jerome, IL, 62704
Listed for sale 4 days ago
$ 199,900
ROI
23.0Cash Flow/m
177- 3 Bed
- 2 Bath
- 1850 sft
2817 S Park Ave, Jerome, IL, 62704
$ 180,000
ROI
23.1Cash Flow/m
168- 4 Bed
- 2 Bath
- 1835 sft
3025 S Lincoln Ave, Jerome, IL, 62704
Why Invest in Jerome, Illinois?
Investing in Jerome, IL, particularly for properties under $200k, provides a unique opportunity for affordability and potential growth. The area boasts a favorable rental yield and moderate appreciation rates that attract both new and seasoned investors. With a lower cost of living and increasing demand for rental properties, these investments could generate significant cash flow over time.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent for properties in Jerome, IL, is approximately $1,200 per month, making it an appealing option for renters seeking affordability.
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