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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 today
$ 149,900
ROI
25.0
Cash Flow/m
219- 3 Bed
- 1 Bath
- 1472 sft
2 Westwood, Mattoon, IL, 61938
Listed for sale 6 days ago
$ 149,900
ROI
23.4Cash Flow/m
150- 4 Bed
- 2 Bath
- 1296 sft
2617 Richmond Ave, Mattoon, IL, 61938
$ 134,900
ROI
22.2Cash Flow/m
91- 3 Bed
- 1 Bath
- 1377 sft
2805 Marshall Ave, Mattoon, IL, 61938
$ 137,500
ROI
27.7Cash Flow/m
305- 3 Bed
- 1 Bath
- 884 sft
617 Edgar 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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