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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 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 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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