Investment Properties Under $500K in Richmond, IL | Ziffy.ai
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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

Property at 5510 George St, Richmond, IL
$ 265,000
ROI
20.6ROI percentage
Cash Flow/m
Dollar sign63
  • 4 Bed
  • 2 Bath
  • 1550 sft
5510 George St, Richmond, IL, 60071
Property at 300 Cunat Blvd APT 3B, Richmond, IL
$ 164,900
ROI
22.8ROI percentage
Cash Flow/m
Dollar sign140
  • 2 Bed
  • 2 Bath
  • 1010 sft
300 Cunat Blvd APT 3B, Richmond, IL, 60071
Property at 10004 Nippersink Dr, Richmond, IL
$ 295,000
ROI
29.5ROI percentage
Cash Flow/m
Dollar sign800
  • 3 Bed
  • 2 Bath
  • 2080 sft
10004 Nippersink Dr, Richmond, IL, 60071
Property at 10109 Covell St, Richmond, IL
$ 225,000
ROI
21.9ROI percentage
Cash Flow/m
Dollar sign131
  • 2 Bed
  • 1 Bath
  • 594 sft
10109 Covell St, 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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