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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Marengo, IL
Fix & Flip
Listed for sale 2 days ago
$ 140,000
ROI
22.3
Cash Flow/m
99- 3 Bed
- 2 Bath
- - sft
313 E Grant Hwy, Marengo, IL, 60152
Listed for sale 3 days ago
$ 419,900
ROI
26.8Cash Flow/m
825- 4 Bed
- 3 Bath
- 3076 sft
720 Ridge Dr, Marengo, IL, 60152
Listed for sale 5 days ago
$ 429,900
ROI
26.0Cash Flow/m
746- 4 Bed
- 3 Bath
- 4851 sft
605 Courtney Ln, Marengo, IL, 60152
$ 369,900
ROI
25.8Cash Flow/m
619- 4 Bed
- 2 Bath
- 1740 sft
790 Cascade Dr, 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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