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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 in Palestine, IL offers access to homes under $500k, making it an attractive option for budget-conscious investors. With historical appreciation rates around 4% and a current rental yield of approximately 7%, the properties in this area present a solid investment opportunity. Additionally, the community's median income supports a vibrant rental market, with average rent levels showing promising stability.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average home prices in Palestine, IL are generally under $500k, making it an affordable market for investors and first-time homebuyers.
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