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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Pana, IL
$ 194,500
ROI
23.3
Cash Flow/m
189- 3 Bed
- 2 Bath
- 1969 sft
803 E 6th St, Pana, IL, 62557
$ 134,000
ROI
45.3Cash Flow/m
952- 2 Bed
- 2 Bath
- 1200 sft
607 Beyers Lake Est, Pana, IL, 62557
$ 142,000
ROI
25.4Cash Flow/m
224- 3 Bed
- 2 Bath
- 1720 sft
401 E 4th St, Pana, IL, 62557
$ 140,000
ROI
25.7Cash Flow/m
233- 3 Bed
- 2 Bath
- 1678 sft
101 S Sheridan St, Pana, IL, 62557
Why Invest in Pana, Illinois?
Investing in properties under $200k in Illinois, particularly in areas like Panola, presents attractive opportunities for investors. The rental market is showing great promise, offering solid cash flow and the potential for appreciation in value. With a focus on affordability, investors can enter the market with lower investment thresholds, while benefiting from a favorable cap rate and good rental yield.
10%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
You can find a variety of properties including single-family homes, townhouses, and some multifamily units within the $200k range in Illinois. These options provide investors with flexibility in terms of investment strategies.
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