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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
$ 120,000
ROI
22.4
Cash Flow/m
89- 2 Bed
- 1 Bath
- 992 sft
821 N 33rd St, Mattoon, IL, 61938
Listed for sale today
$ 119,000
ROI
21.9Cash Flow/m
72- 2 Bed
- 1 Bath
- 1822 sft
721 S 28th St, Mattoon, IL, 61938
Listed for sale today
$ 145,900
ROI
25.8Cash Flow/m
247- 3 Bed
- 2 Bath
- 1440 sft
3221 Piatt Ave, Mattoon, IL, 61938
Listed for sale 1 day ago
$ 149,900
ROI
25.0Cash Flow/m
219- 3 Bed
- 2 Bath
- 1578 sft
312 Charleston 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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