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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Mendota, IL
Fix & Flip
Listed for sale 2 days ago
$ 129,900
ROI
23.3
Cash Flow/m
128- 3 Bed
- 1 Bath
- 1266 sft
1007 Michigan Ave, Mendota, IL, 61342
Listed for sale 6 days ago
$ 136,500
ROI
24.9Cash Flow/m
193- 3 Bed
- 1 Bath
- 910 sft
111 6th Ave, Mendota, IL, 61342
$ 155,000
ROI
23.4Cash Flow/m
157- 4 Bed
- 2 Bath
- 1254 sft
101 7th St, Mendota, IL, 61342
$ 164,900
ROI
23.3Cash Flow/m
161- 4 Bed
- 2 Bath
- 1837 sft
209 8th Ave, Mendota, IL, 61342
Why Invest in Mendota, Illinois?
Investing in properties under $200k in Mendota, Illinois could be a lucrative opportunity due to the town's affordable housing market. With a growing rental market and an affordable entry point, investors can benefit from competitive rental yields and reasonable cap rates. The median rental price in the area continues to rise, making it an attractive option for long-term investments.
10%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
Mendota offers affordable property prices with the potential for solid rental yields. Investors can benefit from a growing rental market and a stable economy, making it an appealing location for investment.
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