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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in New Lenox, IL
Listed for sale 2 days ago
$ 265,900
ROI
19.8
Cash Flow/m
6- 2 Bed
- 1 Bath
- - sft
230 W Joliet Hwy, New Lenox, IL, 60451
Listed for sale 2 days ago
$ 400,000
ROI
28.3Cash Flow/m
946- 4 Bed
- 3 Bath
- 2400 sft
799 Amanda Rd, New Lenox, IL, 60451
Listed for sale 2 days ago
$ 314,000
ROI
30.4Cash Flow/m
928- 3 Bed
- 1 Bath
- 1250 sft
317 Hillside Rd, New Lenox, IL, 60451
Listed for sale 5 days ago
$ 429,500
ROI
25.9Cash Flow/m
735- 4 Bed
- 3 Bath
- 2700 sft
632 Bishops Gate, New Lenox, IL, 60451
Why Invest in New Lenox, Illinois?
Investing in properties under $500k in New Lenox, IL, can yield significant returns. The average rental yield here is quite attractive, combined with a stable market. With a vibrant community and growing employment opportunities, New Lenox is an excellent choice for savvy investors looking for high cash flow in a burgeoning area.
12%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average price of homes available in New Lenox under $500k is around $450k, making it accessible for many first-time buyers and investors.
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