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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 2 days ago
$ 119,900
ROI
23.7
Cash Flow/m
131- 3 Bed
- 2 Bath
- 1376 sft
309 E Franklin St, Macomb, IL, 61455
Currently Rented
Listed for sale 5 days ago
$ 150,000
ROI
26.5Cash Flow/m
280- 6 Bed
- 4 Bath
- 1872 sft
602 N Charles St #2, Macomb, IL, 61455
$ 115,000
ROI
22.5Cash Flow/m
86- 3 Bed
- 2 Bath
- 1217 sft
126 Penny Ln, Macomb, IL, 61455
$ 149,900
ROI
21.9Cash Flow/m
89- 5 Bed
- 2 Bath
- 2213 sft
440 N Campbell St, 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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