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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
$ 165,000
ROI
22.8
Cash Flow/m
138- 5 Bed
- 2 Bath
- 1920 sft
1120 S 16th St, Mattoon, IL, 61938
$ 115,000
ROI
23.7Cash Flow/m
125- 3 Bed
- 2 Bath
- 1073 sft
1412 S 2nd St, Mattoon, IL, 61938
Fix & Flip
$ 109,900
ROI
23.2Cash Flow/m
106- 3 Bed
- 2 Bath
- 1426 sft
3 Apple Dr, Mattoon, IL, 61938
$ 134,900
ROI
28.4Cash Flow/m
323- 3 Bed
- 1 Bath
- 933 sft
420 Park St, 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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