Investment Properties Under $500K in Olney, IL | Ziffy.ai
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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

Property at 2304 Mimosa Dr, Olney, IL
Listed for sale 3 days ago
$ 199,900
ROI
30.2ROI percentage
Cash Flow/m
Dollar sign580
  • 3 Bed
  • 2 Bath
  • 1566 sft
2304 Mimosa Dr, Olney, IL, 62450
Property at 215 E Harmon Ave, Olney, IL
$ 129,900
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign136
  • 3 Bed
  • 2 Bath
  • 1150 sft
215 E Harmon Ave, Olney, IL, 62450
Property at 908 Imperial Dr, Olney, IL
$ 139,900
ROI
23.6ROI percentage
Cash Flow/m
Dollar sign150
  • 2 Bed
  • 2 Bath
  • 1168 sft
908 Imperial Dr, Olney, IL, 62450
Property at 707 Kennedy St, Olney, IL
$ 175,000
ROI
21.8ROI percentage
Cash Flow/m
Dollar sign100
  • 4 Bed
  • 3 Bath
  • 1537 sft
707 Kennedy St, 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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