Investment Properties Under $500K in Marengo, IL | Ziffy.ai
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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

Property at 633 Mohawk Trl, Marengo, IL
Listed for sale 1 day ago
$ 119,900
ROI
22.0ROI percentage
Cash Flow/m
Dollar sign73
  • 2 Bed
  • 2 Bath
  • - sft
633 Mohawk Trl, Marengo, IL, 60152
Property at 607 2nd Ave, Marengo, IL
$ 280,000
ROI
27.8ROI percentage
Cash Flow/m
Dollar sign629
  • 3 Bed
  • 2 Bath
  • 1250 sft
607 2nd Ave, Marengo, IL, 60152
Property at 821 Diane Ct, Marengo, IL
Fix & Flip
$ 239,900
ROI
21.8ROI percentage
Cash Flow/m
Dollar sign136
  • 3 Bed
  • 1 Bath
  • 1230 sft
821 Diane Ct, Marengo, IL, 60152
Property at 500 1/2 Johnson St, Marengo, IL
$ 229,000
ROI
22.8ROI percentage
Cash Flow/m
Dollar sign192
  • 2 Bed
  • 2 Bath
  • 1150 sft
500 1/2 Johnson 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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