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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
$ 199,900
ROI
29.8
Cash Flow/m
559- 4 Bed
- 3 Bath
- 1618 sft
221 W Washington St, Mendon, IL, 62351
$ 234,900
ROI
22.1Cash Flow/m
154- 3 Bed
- 2 Bath
- 1950 sft
319 E Washington St, Mendon, IL, 62351
$ 199,900
ROI
29.7Cash Flow/m
554- 4 Bed
- 2 Bath
- 1674 sft
341 S Wilson St, Mendon, IL, 62351
$ 179,000
ROI
23.5Cash Flow/m
184- 4 Bed
- 2 Bath
- 2340 sft
214 N Chestnut St, 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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