Under $300K Investment Properties for Sale in La Fayette, IL

Property at 305 Hodgson St, La Fayette, IL
$ 112,000
ROI
22.0ROI percentage
Cash Flow/m
Dollar sign68
  • 3 Bed
  • 2 Bath
  • 2028 sft
305 Hodgson St, La Fayette, IL, 61449
Property at 2629 Golf Rd, La Fayette, IL
Currently Rented
Fix & Flip
$ 140,000
ROI
22.1ROI percentage
Cash Flow/m
Dollar sign92
  • 3 Bed
  • 2 Bath
  • 1008 sft
2629 Golf Rd, La Fayette, IL, 61449
Property at 607 E Main St, La Fayette, IL
$ 109,900
ROI
22.7ROI percentage
Cash Flow/m
Dollar sign89
  • 2 Bed
  • 1 Bath
  • 1056 sft
607 E Main St, La Fayette, IL, 61449
Property at 503 Lafayette St, La Fayette, IL
$ 144,900
ROI
25.8ROI percentage
Cash Flow/m
Dollar sign250
  • 3 Bed
  • 1 Bath
  • 1220 sft
503 Lafayette St, La Fayette, IL, 61449

Why Invest in La Fayette, Illinois?

Investing under $300K in Lafayette, IL offers a unique opportunity in a community with affordable housing options. With a strong rental demand and potential for steady cash flow, this market allows investors to capitalize on the growing local economy. Average rental yields are attractive, making it a viable option for both new and seasoned investors.

8%
Avg. ROI
7.5%
Rental Yield
6.2%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average rent for a property in Lafayette, IL is approximately $1,200, making it an attractive option for renters seeking affordable living.

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