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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Mattoon, IL
Listed for sale 2 days ago
$ 149,000
ROI
24.4
Cash Flow/m
193- 3 Bed
- 2 Bath
- 1295 sft
2208 Marshall Ave, Mattoon, IL, 61938
Listed for sale 3 days ago
$ 118,900
ROI
23.5Cash Flow/m
122- 5 Bed
- 2 Bath
- 2448 sft
2800 Pine Ave, Mattoon, IL, 61938
Listed for sale 4 days ago
$ 174,900
ROI
20.7Cash Flow/m
46- 3 Bed
- 2 Bath
- 1480 sft
2320 Essex Ave, Mattoon, IL, 61938
Listed for sale 4 days ago
$ 154,900
ROI
24.0Cash Flow/m
184- 3 Bed
- 1 Bath
- 2072 sft
3108 Dewitt 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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