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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Marengo, IL
Listed for sale 1 day ago
$ 285,000
ROI
27.7
Cash Flow/m
631- 4 Bed
- 1 Bath
- 1250 sft
222 N Taylor St, Marengo, IL, 60152
Listed for sale 6 days ago
$ 235,000
ROI
22.4Cash Flow/m
170- 4 Bed
- 2 Bath
- 1900 sft
436 W Washington St, Marengo, IL, 60152
$ 220,000
ROI
28.0Cash Flow/m
504- 2 Bed
- 2 Bath
- - sft
861 Village Cir Unit 861, Marengo, IL, 60152
$ 349,900
ROI
29.9Cash Flow/m
985- 4 Bed
- 3 Bath
- 1950 sft
700 Woodbine Ln, 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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