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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 4 days ago
$ 135,900
ROI
22.1
Cash Flow/m
89- 3 Bed
- 2 Bath
- 1424 sft
500 1st Ave, Mendota, IL, 61342
$ 182,000
ROI
23.0Cash Flow/m
167- 3 Bed
- 2 Bath
- 1680 sft
4045 E 475th Rd, Mendota, IL, 61342
$ 164,900
ROI
22.2Cash Flow/m
112- 3 Bed
- 2 Bath
- 1755 sft
405 8th St, Mendota, IL, 61342
$ 124,900
ROI
22.1Cash Flow/m
81- 3 Bed
- 2 Bath
- 1187 sft
915 16th St, 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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