Investment Properties Under $500K in Roanoke, 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 Roanoke, IL

Property at 706 N State St, Roanoke, IL
Listed for sale 1 day ago
$ 114,990
ROI
22.7ROI percentage
Cash Flow/m
Dollar sign93
  • 2 Bed
  • 1 Bath
  • 732 sft
706 N State St, Roanoke, IL, 61561
Property at 901 N Easy St, Roanoke, IL
Listed for sale 6 days ago
$ 265,000
ROI
29.3ROI percentage
Cash Flow/m
Dollar sign704
  • 4 Bed
  • 3 Bath
  • 3075 sft
901 N Easy St, Roanoke, IL, 61561
Property at 107 W Ann St, Roanoke, IL
$ 199,000
ROI
23.6ROI percentage
Cash Flow/m
Dollar sign212
  • 6 Bed
  • 3 Bath
  • 2045 sft
107 W Ann St, Roanoke, IL, 61561
Property at 1295 County Road 1600 E, Roanoke, IL
$ 114,810
ROI
55.1ROI percentage
Cash Flow/m
Dollar sign1131
  • 4 Bed
  • 2 Bath
  • 2532 sft
1295 County Road 1600 E, Roanoke, IL, 61561

Why Invest in Roanoke, Illinois?

Investing in Roanoke, IL, offers a unique opportunity to acquire properties under $500k. With a steady rental yield and a growing community, Roanoke presents a favorable environment for investors seeking reasonable returns. The average rent is quite affordable, contributing to lower vacancy rates and higher occupancy. Additionally, property values have shown a consistent appreciation over recent years, indicating a positive market trend.

7%
Avg. ROI
5%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average rental price in Roanoke, IL, is approximately $950 per month, making it an affordable option for potential tenants.

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