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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Richmond, IL
$ 265,000
ROI
20.6
Cash Flow/m
63- 4 Bed
- 2 Bath
- 1550 sft
5510 George St, Richmond, IL, 60071
$ 164,900
ROI
22.8Cash Flow/m
140- 2 Bed
- 2 Bath
- 1010 sft
300 Cunat Blvd APT 3B, Richmond, IL, 60071
$ 295,000
ROI
29.5Cash Flow/m
800- 3 Bed
- 2 Bath
- 2080 sft
10004 Nippersink Dr, Richmond, IL, 60071
$ 225,000
ROI
21.9Cash Flow/m
131- 2 Bed
- 1 Bath
- 594 sft
10109 Covell St, Richmond, IL, 60071
Why Invest in Richmond, Illinois?
Investing in Richmond, Illinois, can be a smart move, especially with properties under $300,000 that offer solid returns. The market here boasts an average rental yield of 7% and a robust rental occupancy rate of 90%, presenting a lucrative opportunity for investors looking for affordable properties with growth potential.
10%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Richmond is approximately $1,200 per month. Investors can expect a strong rental demand, especially for properties priced under $300,000.
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