Investment Properties Under $500K in Salem, IL | Ziffy.ai
Save Search
Filters Applied
Edit
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $500K Investment Properties for Sale in Salem, IL

Property at 508 N Indiana Ave, Salem, IL
$ 249,900
ROI
19.8ROI percentage
Cash Flow/m
Dollar sign6
  • 3 Bed
  • 2 Bath
  • 2275 sft
508 N Indiana Ave, Salem, IL, 62881
Property at 3608 Andrews Ct, Salem, IL
$ 299,000
ROI
25.8ROI percentage
Cash Flow/m
Dollar sign500
  • 3 Bed
  • 3 Bath
  • 1910 sft
3608 Andrews Ct, Salem, IL, 62881
Property at 202 Woodland Dr, Salem, IL
Fix & Flip
$ 225,000
ROI
29.8ROI percentage
Cash Flow/m
Dollar sign626
  • 3 Bed
  • 2 Bath
  • 1800 sft
202 Woodland Dr, Salem, IL, 62881
Property at 501 N Marion Ave, Salem, IL
$ 139,000
ROI
22.3ROI percentage
Cash Flow/m
Dollar sign97
  • 3 Bed
  • 1 Bath
  • 1189 sft
501 N Marion 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.

Find Your Perfect Investment Property in Salem, Illinois

Explore investment opportunities by strategy, performance, or property type

Buy & Hold Rentals in Salem, IL
Fix and Flip Properties in Salem, IL
Short-Term Rental Properties in Salem, IL
AI