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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 today
$ 165,000
ROI
22.8
Cash Flow/m
138- 5 Bed
- 2 Bath
- 1920 sft
1120 S 16th St, Mattoon, IL, 61938
Listed for sale 7 days ago
$ 285,000
ROI
20.4Cash Flow/m
54- 4 Bed
- 3 Bath
- 2788 sft
1 Western Avenue Hts, Mattoon, IL, 61938
$ 115,000
ROI
23.7Cash Flow/m
125- 3 Bed
- 2 Bath
- 1073 sft
1412 S 2nd St, Mattoon, IL, 61938
$ 259,900
ROI
25.1Cash Flow/m
386- 3 Bed
- 3 Bath
- 1576 sft
425 Crestmore 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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