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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Olney, IL
Listed for sale today
$ 107,000
ROI
22.3
Cash Flow/m
77- 3 Bed
- 2 Bath
- 1988 sft
2303 Mimosa Dr, Olney, IL, 62450
$ 129,900
ROI
22.4Cash Flow/m
96- 3 Bed
- 2 Bath
- 1369 sft
322 N East St, Olney, IL, 62450
$ 169,000
ROI
25.6Cash Flow/m
275- 3 Bed
- 2 Bath
- 1706 sft
613 Ash St, Olney, IL, 62450
$ 380,000
ROI
24.2Cash Flow/m
470- 4 Bed
- 3 Bath
- 3200 sft
5454 E Ebenezer Ln, Olney, IL, 62450
Why Invest in Olney, Illinois?
Investing in real estate in Illinois, specifically under $500k, presents a unique opportunity in a market with strong rental demand and affordable properties. With an average ROI of 8% and a rental yield of 5.5%, investors can benefit from solid cash flow while enjoying the potential for property appreciation. The diverse economy and steady job market create a stable foundation for long-term investments.
8%
Avg. ROI
5.5%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent for properties in Illinois priced under $500k is approximately $1,200 per month, making it an affordable option for renters.
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