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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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
$ 435,000
ROI
24.2Cash Flow/m
536- 3 Bed
- 4 Bath
- 2600 sft
5406 W Valley Dr, Richmond, IL, 60071
$ 395,000
ROI
24.6Cash Flow/m
533- 3 Bed
- 2 Bath
- 2682 sft
10709 Mallard Ln, Richmond, IL, 60071
$ 447,900
ROI
25.0Cash Flow/m
659- 2 Bed
- 2 Bath
- 1933 sft
Lincoln Ranch Plan, Sunset Ridge, Richmond, IL, 60071
Why Invest in Richmond, Illinois?
Investing in Richmond, Illinois, offers potential opportunities under $500k in real estate. With an impressive average rental yield of 8% and an average cap rate of 7%, this market is attractive for savvy investors looking for stable cash flow. The area's renter-occupied rate of 62% highlights a solid demand for rental properties, making it a promising market for investment.
12%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$1500/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
As of this year, the average home price in Richmond, IL, is approximately $245,000, making it an affordable option for both first-time buyers and investors.
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