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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Shannon, IL
$ 195,000
ROI
26.9
Cash Flow/m
385- 3 Bed
- 3 Bath
- 2216 sft
617 S Linn St, Shannon, IL, 61078
$ 198,000
ROI
21.2Cash Flow/m
81- 4 Bed
- 2 Bath
- 2450 sft
101 S Hickory St, Shannon, IL, 61078
$ 125,000
ROI
25.5Cash Flow/m
199- 3 Bed
- 1 Bath
- 1480 sft
401 S Linn St, Shannon, IL, 61078
$ 369,000
ROI
21.9Cash Flow/m
219- 3 Bed
- 3 Bath
- 3206 sft
31457 Straw School Rd, Shannon, IL, 61078
Why Invest in Shannon, Illinois?
Investing in Shannon, IL offers a unique opportunity for buyers looking for properties under $500k. With favorable cap rates and a steady rental yield, Shannon presents a solid investment landscape. The area's economic stability and growth prospects make it an attractive choice for real estate investors.
7%
Avg. ROI
5%
Rental Yield
8%
Cap Rate
$200/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental rate in Shannon, IL is approximately $1,200 per month, making it an affordable option for many residents.
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