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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 today
$ 375,000
ROI
20.5
Cash Flow/m
80- 3 Bed
- 3 Bath
- 1900 sft
701 Woodland Ln, Marengo, IL, 60152
Listed for sale 2 days ago
$ 449,000
ROI
24.2Cash Flow/m
558- 4 Bed
- 4 Bath
- 2590 sft
6225 Lakewood Dr, Marengo, IL, 60152
$ 435,000
ROI
30.6Cash Flow/m
1309- 4 Bed
- 4 Bath
- 2718 sft
3203 Elizabeth St, Marengo, IL, 60152
$ 350,000
ROI
23.1Cash Flow/m
324- 4 Bed
- 2 Bath
- 1400 sft
214 S Prospect St, 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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