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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Olney, IL
Listed for sale 3 days ago
$ 199,900
ROI
30.2
Cash Flow/m
580- 3 Bed
- 2 Bath
- 1566 sft
2304 Mimosa Dr, Olney, IL, 62450
$ 129,900
ROI
23.5Cash Flow/m
136- 3 Bed
- 2 Bath
- 1150 sft
215 E Harmon Ave, Olney, IL, 62450
$ 139,900
ROI
23.6Cash Flow/m
150- 2 Bed
- 2 Bath
- 1168 sft
908 Imperial Dr, Olney, IL, 62450
$ 175,000
ROI
21.8Cash Flow/m
100- 4 Bed
- 3 Bath
- 1537 sft
707 Kennedy St, Olney, IL, 62450
Why Invest in Olney, Illinois?
Investing in Olney, IL, presents a unique opportunity for real estate purchasers looking for properties under $200k. The area boasts competitive rental yields and a steady appreciation rate, making it an attractive market for investors. With a strong demand for rental properties, especially at this price point, you can anticipate favorable cash flows and solid returns.
8%
Avg. ROI
10%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
In Olney, you can find a variety of single-family homes and investment properties listed for under $200k. These options typically include older homes that offer great renovation potential and newer homes that are ready for tenants.
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