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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
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 single-family homes in Marengo, IL can yield attractive returns due to a growing rental market. The average rental yield in the area is competitive, making it a viable option for new and seasoned investors alike. With promising trends in appreciation and a solid average cash flow, Marengo represents a strategic choice for real estate investment.
7.5%
Avg. ROI
5.2%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rent for single-family homes in Marengo, IL is approximately $1,200 per month, making it affordable compared to nearby markets.
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