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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 1 day ago
$ 139,900
ROI
22.6
Cash Flow/m
110- 3 Bed
- 1 Bath
- 1218 sft
1913 E Hood St, Springfield, IL, 62703
Listed for sale 1 day ago
$ 149,900
ROI
23.6Cash Flow/m
160- 3 Bed
- 3 Bath
- 1308 sft
2010 N 16th St, Springfield, IL, 62702
Listed for sale 2 days ago
$ 139,000
ROI
22.1Cash Flow/m
91- 2 Bed
- 1 Bath
- 1000 sft
1836 Holmes Ave, Springfield, IL, 62704
Listed for sale 2 days ago
$ 160,000
ROI
22.2Cash Flow/m
109- 4 Bed
- 4 Bath
- 3420 sft
1546 E Cornell Ave, Springfield, IL, 62703
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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