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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 5 days ago
$ 199,900
ROI
21.8
Cash Flow/m
112- 3 Bed
- 2 Bath
- 1536 sft
1401 Jason Ln, Olney, IL, 62450
Listed for sale 7 days ago
$ 199,900
ROI
23.0Cash Flow/m
181- 3 Bed
- 2 Bath
- 2245 sft
525 N Jefferson St, OLNEY, IL, 62450
$ 134,900
ROI
27.4Cash Flow/m
288- 3 Bed
- 2 Bath
- 1500 sft
326 N Indiana St, Olney, IL, 62450
Fix & Flip
$ 164,900
ROI
22.6Cash Flow/m
131- 5 Bed
- 2 Bath
- 2740 sft
403 S Elliott 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.
Find Your Perfect Investment Property in Olney, Illinois
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