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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Salem, IL
Listed for sale 4 days ago
$ 179,750
ROI
29.1
Cash Flow/m
466- 4 Bed
- 2 Bath
- 1928 sft
128 N Indiana Ave, Salem, IL, 62881
Listed for sale 5 days ago
$ 247,500
ROI
22.5Cash Flow/m
186- 3 Bed
- 3 Bath
- 1743 sft
2705 S Broadway Ave, Salem, IL, 62881
Listed for sale 6 days ago
$ 148,000
ROI
23.5Cash Flow/m
152- 4 Bed
- 1 Bath
- 1302 sft
805 N Reel Ave, Salem, IL, 62881
$ 147,500
ROI
23.4Cash Flow/m
148- 3 Bed
- 2 Bath
- 1248 sft
514 Roddy Rd, Salem, IL, 62881
Why Invest in Salem, Illinois?
Investing in Salem, IL, for properties under $300k presents an exceptional opportunity for potential returns. The market features favorable cap rates and increasing rental yields that can enhance your portfolio. With a real estate appreciation rate around 4% annually, investors can benefit from both ongoing cash flow and long-term gains.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$200/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Salem, IL, is approximately 7%, making it an attractive market for rental property investors.
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