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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Mattoon, IL
Listed for sale 2 days ago
$ 149,000
ROI
24.4
Cash Flow/m
193- 3 Bed
- 2 Bath
- 1295 sft
2208 Marshall Ave, Mattoon, IL, 61938
Listed for sale 3 days ago
$ 118,900
ROI
23.5Cash Flow/m
122- 5 Bed
- 2 Bath
- 2448 sft
2800 Pine Ave, Mattoon, IL, 61938
Listed for sale 4 days ago
$ 174,900
ROI
20.7Cash Flow/m
46- 3 Bed
- 2 Bath
- 1480 sft
2320 Essex Ave, Mattoon, IL, 61938
Listed for sale 4 days ago
$ 154,900
ROI
24.0Cash Flow/m
184- 3 Bed
- 1 Bath
- 2072 sft
3108 Dewitt Ave, Mattoon, IL, 61938
Why Invest in Mattoon, Illinois?
Investing in Mattoon, IL, under $500k offers a unique opportunity to acquire properties in a growing market. The city's affordable home prices, coupled with a steady rental demand, provide a solid foundation for both new and seasoned investors. With an average rental yield of 8.5% and a favorable cap rate, this market is ripe for growth.
12%
Avg. ROI
8.5%
Rental Yield
7%
Cap Rate
$250/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent for properties in Mattoon, IL is approximately $950 per month, which reflects a stable rental market.
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