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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Mendon, IL
$ 220,000
ROI
28.2
Cash Flow/m
518- 3 Bed
- 2 Bath
- 1836 sft
400 W Collins St, Mendon, IL, 62351
$ 140,000
ROI
24.9Cash Flow/m
201- 2 Bed
- 1 Bath
- 1242 sft
129 E High St, Mendon, IL, 62351
$ 181,000
ROI
28.1Cash Flow/m
414- 4 Bed
- 2 Bath
- 2080 sft
514 W Washington St, Mendon, IL, 62351
$ 120,000
ROI
29.3Cash Flow/m
317- 2 Bed
- 1 Bath
- 1523 sft
344 S State Rd, Mendon, IL, 62351
Why Invest in Mendon, Illinois?
Investing in Mendon, Illinois, offers unique opportunities, particularly for properties under $300k. This area features competitive rental yields and a growing demand for affordable housing. Investors might benefit from steady rental income and potential appreciation as the local economy expands.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$220/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent in Mendon is approximately $950 per month, providing a cost-effective option for renters.
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