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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
$ 249,900
ROI
19.8
Cash Flow/m
6- 3 Bed
- 2 Bath
- 2275 sft
508 N Indiana Ave, Salem, IL, 62881
$ 299,000
ROI
25.8Cash Flow/m
500- 3 Bed
- 3 Bath
- 1910 sft
3608 Andrews Ct, Salem, IL, 62881
Fix & Flip
$ 225,000
ROI
29.8Cash Flow/m
626- 3 Bed
- 2 Bath
- 1800 sft
202 Woodland Dr, Salem, IL, 62881
$ 139,000
ROI
22.3Cash Flow/m
97- 3 Bed
- 1 Bath
- 1189 sft
501 N Marion Ave, 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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