Under $200K Investment Properties for Sale in Springfield, IL
Listed for sale today
$ 109,900
ROI
22.7
Cash Flow/m
89- 3 Bed
- 2 Bath
- 1014 sft
2608 S Pasfield St, Springfield, IL, 62704
Listed for sale today
$ 124,900
ROI
22.5Cash Flow/m
96- 3 Bed
- 1 Bath
- 950 sft
3520 Ivanhoe Dr, Springfield, IL, 62703
Listed for sale 2 days ago
$ 149,900
ROI
23.5Cash Flow/m
157- 3 Bed
- 2 Bath
- 1647 sft
1121 W Governor St, Springfield, IL, 62704
Listed for sale 2 days ago
$ 125,000
ROI
23.2Cash Flow/m
119- 3 Bed
- 1 Bath
- 1770 sft
2130 N 6th St, Springfield, IL, 62702
Why Invest in Springfield, Illinois?
Springfield, IL offers strong opportunities for investors targeting properties under $200k. Affordable entry points combine with steady rental demand from state government workers. Average rents support solid cash flow, while cap rates around 8-10% attract value-add plays. Renter occupancy exceeds 40%, bolstered by stable employment in public sector roles. Annual appreciation of 3-4% provides long-term growth potential in this capital city market.
12.5%
Avg. ROI
9.2%
Rental Yield
8.7%
Cap Rate
$450/mo
Avg. Cash Flow
$1050/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Low entry prices pair with reliable tenant demand from government jobs. Cash flows average $400-500 monthly at current rents. Stable appreciation adds equity buildup over time.
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