Under $200K Investment Properties for Sale in Mattoon, IL
Listed for sale 2 days ago
$ 179,900
ROI
23.5
Cash Flow/m
187- 4 Bed
- 3 Bath
- 1825 sft
1208 Lakeland Ave, Mattoon, IL, 61938
Listed for sale 2 days ago
$ 179,900
ROI
23.7Cash Flow/m
196- 4 Bed
- 3 Bath
- 1825 sft
1208 Lake Land Blvd, Mattoon, IL, 61938
$ 109,900
ROI
22.0Cash Flow/m
70- 3 Bed
- 2 Bath
- 1506 sft
3008 Shelby Ave, Mattoon, IL, 61938
$ 135,000
ROI
28.3Cash Flow/m
322- 3 Bed
- 1 Bath
- 1508 sft
613 Lafayette Ave, Mattoon, IL, 61938
Why Invest in Mattoon, Illinois?
Investing in Mattoon, IL, especially in properties under $200k, presents a unique opportunity for savvy investors. The city's affordable housing market is complemented by a steady rental demand, offering strong yields and potential for appreciation. With an average cash flow that appeals to new landlords, Mattoon is an attractive option for those looking to diversify their investment portfolios.
10%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$900/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average home price in Mattoon is currently around $150,000, making it an affordable option for both first-time homeowners and investors.
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