Under $500K 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 in Lafayette, IL, offers unique opportunities, especially for properties under $500k. The region showcases a strong rental market with consistent demand, coupled with a moderate cost of living. Investors can benefit from solid rental yields and potential appreciation as the area develops.

7%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average rent in Lafayette is around $1,200 per month, making it an attractive option for both renters and investors. This price point reflects the area's growing demand and stable rental market.

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