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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Lena, IL
Currently Rented
Listed for sale 3 days ago
$ 134,500
ROI
22.6
Cash Flow/m
107- 3 Bed
- 1 Bath
- 1245 sft
303 S Locust St, Lena, IL, 61048
$ 159,900
ROI
22.8Cash Flow/m
133- 3 Bed
- 2 Bath
- 1733 sft
303 Freedom St, Lena, IL, 61048
$ 176,000
ROI
27.8Cash Flow/m
393- 3 Bed
- 1 Bath
- 1125 sft
811 Henson St, Lena, IL, 61048
$ 219,000
ROI
27.5Cash Flow/m
471- 4 Bed
- 2 Bath
- 1936 sft
301 William, Lena, IL, 61048
Why Invest in Lena, Illinois?
Investing in properties under $300k in Illinois can offer significant returns, especially as the demand for affordable housing continues to rise. With an average rental yield of 8% and a cap rate around 7%, the potential for cash flow is promising. Market trends indicate steady appreciation rates, making this an opportune time to invest.
15%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
You can find a variety of properties, including single-family homes, townhouses, and condominiums, under $300k. Many of these options provide great value for both rental investments and first-time homebuyers.
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