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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Jonesboro, IL

$ 135,000
ROI
25.9
Cash Flow/m
231- 2 Bed
- 1 Bath
- 1316 sft
545 State Route 127 N, Jonesboro, IL, 62952

$ 109,500
ROI
23.5
Cash Flow/m
113- 3 Bed
- 2 Bath
- 1270 sft
200 Williford Rd, Jonesboro, IL, 62952

$ 187,500
ROI
22.6
Cash Flow/m
149- 5 Bed
- - Bath
- 1500 sft
300 Williford Rd, Jonesboro, IL, 62952
$ 289,000
ROI
22.3
Cash Flow/m
207- 3 Bed
- 2 Bath
- 2268 sft
220 Timber Ridge Ln, Jonesboro, IL, 62952
Why Invest in Jonesboro, Illinois?
Investing in Jonesboro, IL, provides excellent opportunities for properties under $500k, appealing to budget-conscious investors. The area has shown promising metrics, such as a favorable cap rate around 8% and rental yields reaching 7%. Recent job growth adds to its attractiveness as a stable investment.
10%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1300/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Jonesboro is approximately $1,300, making it relatively affordable for various budgets. This price point helps attract renters and maintain a steady demand.
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