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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in New Lenox, IL
$ 149,900
ROI
23.2
Cash Flow/m
144- 2 Bed
- 1 Bath
- 900 sft
113 Town Crest Dr APT D, New Lenox, IL, 60451
$ 173,475
ROI
40.1Cash Flow/m
981- 3 Bed
- 1 Bath
- - sft
148 E Francis Rd, New Lenox, IL, 60451
$ 180,000
ROI
31.1Cash Flow/m
567- 2 Bed
- 1 Bath
- 1439 sft
1019 Shagbark Rd APT 2D, New Lenox, IL, 60451
$ 165,000
ROI
32.7Cash Flow/m
595- 2 Bed
- 1 Bath
- 838 sft
1231 Town Crest Dr APT A, New Lenox, IL, 60451
Why Invest in New Lenox, Illinois?
New Lenox, IL offers a unique opportunity for real estate investors looking for properties under $200k. With an average rental yield of 7% and strong appreciation rates, this suburb is appealing for both new investors and seasoned pros alike. The local market shows a healthy demand for rentals, making it a viable option for cash flow.
10%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$400/mo
Avg. Cash Flow
$1300/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rent for apartments in New Lenox is approximately $1,300 per month, reflecting the area's strong rental demand.
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