Under $500K Investment Properties for Sale in Olney, IL
$ 289,900
ROI
21.5
Cash Flow/m
138- 3 Bed
- 2 Bath
- 1937 sft
3547 E Honey Ln, Olney, IL, 62450
$ 199,900
ROI
23.0Cash Flow/m
181- 3 Bed
- 2 Bath
- 2245 sft
525 N Jefferson St, OLNEY, IL, 62450
$ 199,900
ROI
22.0Cash Flow/m
126- 2 Bed
- 2 Bath
- 1691 sft
902 Hall St, Olney, IL, 62450
$ 120,000
ROI
22.9Cash Flow/m
105- 4 Bed
- 1 Bath
- 1898 sft
1103 W Mack Ave, 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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