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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
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 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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