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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Springfield, IL
Listed for sale today
$ 190,000
ROI
23.2
Cash Flow/m
180- 4 Bed
- 2 Bath
- 2393 sft
900 S State St, Springfield, IL, 62704
Listed for sale today
$ 125,000
ROI
22.0Cash Flow/m
77- 2 Bed
- 1 Bath
- 988 sft
3515 Sherman St, Springfield, IL, 62703
Listed for sale 1 day ago
$ 175,000
ROI
23.5Cash Flow/m
182- 3 Bed
- 2 Bath
- 2813 sft
450 W Chenery St, Springfield, IL, 62704
Listed for sale 2 days ago
$ 118,900
ROI
22.8Cash Flow/m
101- 2 Bed
- 1 Bath
- 996 sft
517 S Feldkamp Ave, Springfield, IL, 62704
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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