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

Property at 4257 Oak Glen Dr, Salem, IL
$ 199,999
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign206
  • 3 Bed
  • 2 Bath
  • 1348 sft
4257 Oak Glen Dr, Salem, IL, 62881
Property at 374 Northwood Ln, Salem, IL
$ 179,000
ROI
23.1ROI percentage
Cash Flow/m
Dollar sign165
  • 3 Bed
  • 2 Bath
  • 1339 sft
374 Northwood Ln, Salem, IL, 62881
Property at 102 Lamar Dr, Salem, IL
$ 210,000
ROI
26.5ROI percentage
Cash Flow/m
Dollar sign394
  • 3 Bed
  • 2 Bath
  • 1445 sft
102 Lamar Dr, Salem, IL, 62881
Property at 924 W Main St, Salem, IL
$ 249,900
ROI
27.3ROI percentage
Cash Flow/m
Dollar sign523
  • 5 Bed
  • 2 Bath
  • 2447 sft
924 W Main St, 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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