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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
$ 225,000
ROI
21.9
Cash Flow/m
131- 2 Bed
- 1 Bath
- 594 sft
10109 Covell St, Richmond, IL, 60071
$ 123,500
ROI
30.6Cash Flow/m
371- 1 Bed
- 1 Bath
- 625 sft
330 Cunat Blvd APT 3C, Richmond, IL, 60071
$ 125,000
ROI
30.3Cash Flow/m
366- 1 Bed
- 1 Bath
- 725 sft
400 Cunat Blvd APT 2D, Richmond, IL, 60071
$ 125,000
ROI
28.6Cash Flow/m
309- 1 Bed
- 1 Bath
- 625 sft
430 Cunat Blvd APT 3C, 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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