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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K 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 presents unique opportunities for potential investors looking for properties under $300k. The market has a strong rental demand, with home prices remaining affordable which fosters excellent cash flow opportunities. Additionally, Mattoon's consistent employment rates contribute to the area's long-term growth potential.
8.5%
Avg. ROI
10%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Mattoon, IL is approximately 10%, making it an attractive option for real estate investors.
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