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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Macomb, IL
Listed for sale 4 days ago
$ 124,900
ROI
25.2
Cash Flow/m
190- 6 Bed
- 3 Bath
- 2432 sft
320 N McArthur St, Macomb, IL, 61455
Listed for sale 6 days ago
$ 160,000
ROI
22.5Cash Flow/m
124- 2 Bed
- 2 Bath
- 1420 sft
2103 Maple Ave, Macomb, IL, 61455
$ 134,900
ROI
26.7Cash Flow/m
260- 3 Bed
- 2 Bath
- 1270 sft
708 Memorial Dr, Macomb, IL, 61455
$ 139,000
ROI
22.2Cash Flow/m
94- 4 Bed
- 2 Bath
- 2288 sft
203 Jana Rd, Macomb, IL, 61455
Why Invest in Macomb, Illinois?
Investing in Macomb, IL, where homes are available for under $300k, offers a unique opportunity for real estate investors looking for affordable properties with steady returns. The rental yield in this market is around 7%, driven by a healthy occupancy rate which often exceeds 90%. With favorable appreciation rates of approximately 4% year-over-year, Macomb stands as a promising market for long-term investments.
12%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent in Macomb, IL, is approximately $950 per month, making it an affordable option for renters and investors alike.
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