Investment Properties Under $500K in Makanda, IL | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $500K Investment Properties for Sale in Makanda, IL

Property at 378 Contentment Rd, Makanda, IL
$ 225,000
ROI
24.2ROI percentage
Cash Flow/m
Dollar sign279
  • 3 Bed
  • 2 Bath
  • 2108 sft
378 Contentment Rd, Makanda, IL, 62958
Property at 159 Cashen Dr, Makanda, IL
$ 267,500
ROI
20.1ROI percentage
Cash Flow/m
Dollar sign29
  • 4 Bed
  • 3 Bath
  • 2352 sft
159 Cashen Dr, Makanda, IL, 62958
Property at 118 Water Tower Dr, Makanda, IL
Rental Income
$ 119,900
ROI
23.4ROI percentage
Cash Flow/m
Dollar sign120
  • 3 Bed
  • 2 Bath
  • 1200 sft
118 Water Tower Dr, Makanda, IL, 62958
Property at 1720 Camp Cedar Point Ln, Makanda, IL
$ 139,000
ROI
23.3ROI percentage
Cash Flow/m
Dollar sign136
  • 2 Bed
  • 2 Bath
  • 1403 sft
1720 Camp Cedar Point Ln, Makanda, IL, 62958

Why Invest in Makanda, Illinois?

Investing in Makanda, Illinois, presents a unique opportunity, especially for those looking for properties under $500k. With an average rental yield of 6% and a competitive cap rate of 8%, this market is appealing for both novice and seasoned investors. The region has experienced steady appreciation rates, making it an attractive destination for long-term investment.

12%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$1500/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average cost of homes in Makanda, IL, is typically around $250,000, making it an affordable option for many investors.

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