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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Salem, IL
Listed for sale today
$ 180,000
ROI
22.5
Cash Flow/m
136- 4 Bed
- 3 Bath
- 2152 sft
2041 Mills Cart Rd, Salem, IL, 62881
Listed for sale 6 days ago
$ 112,900
ROI
22.0Cash Flow/m
71- 2 Bed
- 1 Bath
- 940 sft
212 W Allmon St, Salem, IL, 62881
$ 120,000
ROI
30.8Cash Flow/m
368- 3 Bed
- 1 Bath
- 1386 sft
325 W Porter St, Salem, IL, 62881
$ 157,900
ROI
22.1Cash Flow/m
105- 3 Bed
- 2 Bath
- 1786 sft
331 N Illinois Ave, Salem, IL, 62881
Why Invest in Salem, Illinois?
Investing in properties under $500K in Salem, IL presents an exciting opportunity for real estate investors. With an average rental yield of 8% and strong appreciation trends, investors can capitalize on the growing demand for affordable housing in the area. The local real estate market boasts a solid cap rate of around 7%, making it a smart choice for buyers seeking long-term returns.
12%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Salem, IL is approximately $950 per month, making it an attractive option for renters seeking affordability.
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