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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 1 day ago
$ 298,000
ROI
25.9
Cash Flow/m
507- 4 Bed
- 3 Bath
- - sft
428 Vance Dr, Olney, IL, 62450
$ 160,000
ROI
22.6Cash Flow/m
125- 4 Bed
- 2 Bath
- 1701 sft
121 N Ludlow St, Olney, IL, 62450
$ 159,000
ROI
20.6Cash Flow/m
36- 3 Bed
- 2 Bath
- - sft
225 S Richland St, Olney, IL, 62450
$ 379,000
ROI
19.9Cash Flow/m
15- 4 Bed
- 4 Bath
- 2000 sft
4424 E Miller Grove 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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