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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Roanoke, IL
$ 155,000
ROI
22.5
Cash Flow/m
119- 3 Bed
- 1 Bath
- 1464 sft
207 Spruce Ln, Roanoke, IL, 61561
$ 119,900
ROI
22.7Cash Flow/m
97- 2 Bed
- 1 Bath
- 848 sft
511 W Smith St, Roanoke, IL, 61561
$ 259,000
ROI
30.0Cash Flow/m
737- 3 Bed
- 3 Bath
- 1853 sft
703 W High St, Roanoke, IL, 61561
$ 189,900
ROI
22.6Cash Flow/m
152- 3 Bed
- 2 Bath
- 1596 sft
105 S Main St, Roanoke, IL, 61561
Why Invest in Roanoke, Illinois?
Investing in Roanoke, IL, particularly in homes priced under $300k, offers promising potential for savvy investors. With a steady demand for affordable housing, the area boasts competitive rental yields and a strong rental market, driven by local job opportunities. Investors could see a favorable return on investment, making it an attractive market for your portfolio.
8.5%
Avg. ROI
7.2%
Rental Yield
6%
Cap Rate
$250/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental rate in Roanoke, IL, is approximately $1,200 per month, making it an affordable option for residents.
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