Under $500K Investment Properties for Sale in Marengo, IL
Listed for sale 3 days ago
$ 415,000
ROI
22.2
Cash Flow/m
283- 4 Bed
- 3 Bath
- 2000 sft
445 Stanford Dr, Marengo, IL, 60152
Fix & Flip
Listed for sale 5 days ago
$ 290,000
ROI
28.9Cash Flow/m
737- 3 Bed
- 3 Bath
- 1688 sft
20525 Ridgeview Ln, Marengo, IL, 60152
Listed for sale 6 days ago
$ 374,900
ROI
24.9Cash Flow/m
533- 3 Bed
- 2 Bath
- 1522 sft
817 Whitetail Dr, Marengo, IL, 60152
Listed for sale 7 days ago
$ 219,000
ROI
21.2Cash Flow/m
90- 2 Bed
- 2 Bath
- 1200 sft
1015 Briden Dr, Marengo, IL, 60152
Why Invest in Marengo, Illinois?
Investing in properties under $500k in Marengo, IL offers a unique opportunity for real estate investors. With a robust rental market and a steady appreciation rate, this area is becoming increasingly attractive. The average rental yield is competitive, providing promising returns for investors.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
Marengo offers a variety of properties under $500k, making it an attractive option for first-time and seasoned investors. The rental market is robust, and average cap rates are favorable.
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