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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
Fix & Flip
Listed for sale 1 day ago
$ 115,000
ROI
22.9
Cash Flow/m
101- 2 Bed
- 1 Bath
- 1192 sft
2505 S 5th St, Springfield, IL, 62703
Listed for sale 1 day ago
$ 160,000
ROI
22.3Cash Flow/m
114- 3 Bed
- 2 Bath
- 1728 sft
1904 E Sangamon Ave, Springfield, IL, 62702
Listed for sale 1 day ago
$ 110,000
ROI
23.7Cash Flow/m
121- 2 Bed
- 1 Bath
- 922 sft
1614 E Converse Ave, Springfield, IL, 62702
Rental Income
Listed for sale 2 days ago
$ 185,000
ROI
25.1Cash Flow/m
277- 4 Bed
- 4 Bath
- 1832 sft
141 N Douglas Ave, 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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