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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
Listed for sale 1 day ago
$ 114,990
ROI
22.7
Cash Flow/m
93- 2 Bed
- 1 Bath
- 732 sft
706 N State St, Roanoke, IL, 61561
Listed for sale 6 days ago
$ 265,000
ROI
29.3Cash Flow/m
704- 4 Bed
- 3 Bath
- 3075 sft
901 N Easy St, Roanoke, IL, 61561
$ 199,000
ROI
23.6Cash Flow/m
212- 6 Bed
- 3 Bath
- 2045 sft
107 W Ann St, Roanoke, IL, 61561
$ 114,810
ROI
55.1Cash Flow/m
1131- 4 Bed
- 2 Bath
- 2532 sft
1295 County Road 1600 E, 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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