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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Makanda, IL
$ 225,000
ROI
24.2
Cash Flow/m
279- 3 Bed
- 2 Bath
- 2108 sft
378 Contentment Rd, Makanda, IL, 62958
$ 267,500
ROI
20.1Cash Flow/m
29- 4 Bed
- 3 Bath
- 2352 sft
159 Cashen Dr, Makanda, IL, 62958
Rental Income
$ 119,900
ROI
23.4Cash Flow/m
120- 3 Bed
- 2 Bath
- 1200 sft
118 Water Tower Dr, Makanda, IL, 62958
$ 139,000
ROI
23.3Cash Flow/m
136- 2 Bed
- 2 Bath
- 1403 sft
1720 Camp Cedar Point Ln, Makanda, IL, 62958
Why Invest in Makanda, Illinois?
Investing in properties under $300k in Makanda, IL, offers an excellent opportunity for gaining cash flow and potential appreciation. With average rental yields around 8% and a healthy cap rate of 9%, new investors can expect good returns in this affordable market. Additionally, the area's low vacancy rate makes it attractive for rental income stability.
10%
Avg. ROI
8%
Rental Yield
9%
Cap Rate
$350/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Makanda is approximately 8%, making it an attractive option for real estate investors seeking positive cash flow.
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