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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Salem, IL
Listed for sale 4 days ago
$ 165,000
ROI
23.5
Cash Flow/m
173- 4 Bed
- 2 Bath
- 1526 sft
346 Woodland Dr, Salem, IL, 62881
$ 199,900
ROI
27.1Cash Flow/m
409- 3 Bed
- 2 Bath
- 1747 sft
200 E Boone St, Salem, IL, 62881
$ 199,000
ROI
23.1Cash Flow/m
187- 4 Bed
- 3 Bath
- 1800 sft
217 Woodland Dr, Salem, IL, 62881
$ 134,900
ROI
22.9Cash Flow/m
116- 3 Bed
- 2 Bath
- 1099 sft
3275 Selmaville Rd, Salem, IL, 62881
Why Invest in Salem, Illinois?
Investing in properties under $200k in Illinois offers promising opportunities. With a solid economy and diverse job market, many investors are finding lucrative rental options in the state. Investors can benefit from competitive cap rates and a steady appreciation in property values.
7.5%
Avg. ROI
8.2%
Rental Yield
6.5%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
In Illinois, you can find a variety of properties under $200k, including single-family homes and smaller multifamily units. These properties often attract first-time homebuyers and investors looking for affordable rental options.
Find Your Perfect Investment Property in Salem, Illinois
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