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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Knoxville, IL
Listed for sale 2 days ago
$ 224,900
ROI
26.6
Cash Flow/m
431- 3 Bed
- 2 Bath
- 1455 sft
591 Walnut St, Knoxville, IL, 61448
$ 235,000
ROI
23.6Cash Flow/m
253- 4 Bed
- 1 Bath
- 1896 sft
969 Eiker Dr, Knoxville, IL, 61448
Currently Rented
$ 225,000
ROI
25.3Cash Flow/m
350- 4 Bed
- 2 Bath
- 1664 sft
1201 Eiker Rd, Knoxville, IL, 61448
$ 229,900
ROI
26.6Cash Flow/m
438- 3 Bed
- 2 Bath
- 1624 sft
503 Sheridan St, Knoxville, IL, 61448
Why Invest in Knoxville, Illinois?
Investing in Knoxville, IL, means exploring affordable housing options, especially properties under $300k. With an average ROI of around 8% and a rental yield near 6%, this locale presents a promising opportunity for both new and seasoned investors. The recent appreciation rate of 5% further highlights the potential for long-term gains as demand for budget-friendly homes continues to rise.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$500/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average home price in Knoxville is currently around $250,000, making it an attractive market for budget-conscious buyers and investors alike.
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