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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Marion, IL
Listed for sale today
$ 159,900
ROI
22.7
Cash Flow/m
132- 3 Bed
- 2 Bath
- 1120 sft
1002 Oakwood Ln, Marion, IL, 62959
$ 199,999
ROI
29.9Cash Flow/m
562- 6 Bed
- 3 Bath
- 1976 sft
910 Fairlane Dr, MARION, IL, 62959
Currently Rented
Rental Income
Listed for sale today
$ 195,000
ROI
20.3Cash Flow/m
29- 3 Bed
- 2 Bath
- 4056 sft
1106 W Hendrickson St, Marion, IL, 62959
Listed for sale 3 days ago
$ 136,000
ROI
22.2Cash Flow/m
94- 3 Bed
- 1 Bath
- 980 sft
912 Boston Rd, Marion, IL, 62959
Why Invest in Marion, Illinois?
Investing in Marion, Illinois, offers appealing opportunities to purchase properties under $200k. With a strong rental market and average cash flow that attracts investors, the region boasts an average rent of around $1,200. The local economy, combined with a favorable renter-occupied rate, makes it an attractive choice for real estate investment.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
Property taxes in Marion are relatively moderate compared to other regions in Illinois. Investors can expect an average tax rate around 1.5% of the property's assessed value.
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