Under $300K Investment Properties for Sale in Mattoon, IL
Listed for sale 1 day ago
$ 179,900
ROI
23.5
Cash Flow/m
187- 4 Bed
- 3 Bath
- 1825 sft
1208 Lakeland Ave, Mattoon, IL, 61938
Listed for sale 1 day ago
$ 179,900
ROI
23.7Cash Flow/m
196- 4 Bed
- 3 Bath
- 1825 sft
1208 Lake Land Blvd, Mattoon, IL, 61938
Listed for sale 6 days ago
$ 205,000
ROI
28.7Cash Flow/m
511- 2 Bed
- 2 Bath
- 1300 sft
1121 Lafayette Ave, Mattoon, IL, 61938
$ 109,900
ROI
22.0Cash Flow/m
70- 3 Bed
- 2 Bath
- 1506 sft
3008 Shelby 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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