Under $300K Investment Properties for Sale in Roanoke, IL

Property at 204 W Joseph St, Roanoke, IL
$ 265,900
ROI
23.0ROI percentage
Cash Flow/m
Dollar sign239
  • 3 Bed
  • 2 Bath
  • 1910 sft
204 W Joseph St, Roanoke, IL, 61561
Property at 612 N Franklin St, Roanoke, IL
$ 135,000
ROI
21.9ROI percentage
Cash Flow/m
Dollar sign79
  • 2 Bed
  • 1 Bath
  • 1000 sft
612 N Franklin St, Roanoke, IL, 61561
Property at 606 N Main St, Roanoke, IL
$ 159,900
ROI
26.1ROI percentage
Cash Flow/m
Dollar sign283
  • 2 Bed
  • 1 Bath
  • 971 sft
606 N Main St, Roanoke, IL, 61561
Property at 512 N Jefferson St, Roanoke, IL
$ 142,900
ROI
23.1ROI percentage
Cash Flow/m
Dollar sign132
  • 3 Bed
  • 1 Bath
  • 1185 sft
512 N Jefferson 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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