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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Palestine, IL
$ 175,000
ROI
21.6
Cash Flow/m
92- 7 Bed
- 2 Bath
- 4000 sft
413 S Main St, Palestine, IL, 62451
$ 139,900
ROI
20.2Cash Flow/m
16- 3 Bed
- 1 Bath
- - sft
306 S Leaverton St, Palestine, IL, 62451
$ 175,000
ROI
28.3Cash Flow/m
414- 3 Bed
- 2 Bath
- 2696 sft
400 E Franklin St, Palestine, IL, 62451
$ 122,500
ROI
36.0Cash Flow/m
552- 3 Bed
- 2 Bath
- 1104 sft
20406 E River Rd, Palestine, IL, 62451
Why Invest in Palestine, Illinois?
Investing under $200k in Palestine, IL, presents a unique opportunity for investors. With a favorable rental market and an average cap rate of 9%, properties here can yield strong returns. The local economy is growing steadily, bolstered by a low unemployment rate and an increasing demand for affordable housing options.
15%
Avg. ROI
8%
Rental Yield
9%
Cap Rate
$250/mo
Avg. Cash Flow
$800/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Palestine, IL, is around $800 per month, making it an affordable option for renters.
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