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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Marengo, IL
Listed for sale 5 days ago
$ 119,900
ROI
23.6
Cash Flow/m
128- 2 Bed
- 2 Bath
- - sft
633 Mohawk Trl, Marengo, IL, 60152
Listed for sale 6 days ago
$ 525,000
ROI
25.3Cash Flow/m
749- 5 Bed
- 4 Bath
- 3419 sft
8915 Wildrose Ln, Marengo, IL, 60152
$ 280,000
ROI
27.8Cash Flow/m
629- 3 Bed
- 2 Bath
- 1250 sft
607 2nd Ave, Marengo, IL, 60152
Fix & Flip
$ 239,900
ROI
21.8Cash Flow/m
136- 3 Bed
- 1 Bath
- 1230 sft
821 Diane Ct, Marengo, IL, 60152
Why Invest in Marengo, Illinois?
Investing in Marengo, IL, especially in rental properties, can yield significant returns. The city offers an attractive rental market with a robust average cash flow and a growing appreciation rate. Investors can benefit from a healthy rental yield as the local economy expands and more people move to this charming area.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$1200/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent in Marengo is around $1,800 per month, offering a range of housing options from single-family homes to multifamily units. This competitive rental market makes it ideal for investors seeking rental properties.
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