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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Mendota, IL
Listed for sale 1 day ago
$ 184,500
ROI
23.2
Cash Flow/m
176- 3 Bed
- 2 Bath
- 2740 sft
505 2nd St, Mendota, IL, 61342
Listed for sale 7 days ago
$ 279,000
ROI
23.9Cash Flow/m
324- 3 Bed
- 2 Bath
- 1458 sft
805 S Park Ave, Mendota, IL, 61342
$ 199,000
ROI
30.0Cash Flow/m
567- 3 Bed
- 2 Bath
- 1568 sft
1104 4th Ave, Mendota, IL, 61342
$ 231,000
ROI
23.6Cash Flow/m
247- 3 Bed
- 2 Bath
- 1512 sft
301 9th St, Mendota, IL, 61342
Why Invest in Mendota, Illinois?
Investing in properties under $300k in Mendota, IL offers an attractive path for new and seasoned investors alike. With a growing median home price and decent rental yields, this market presents potential opportunities for cash flow and appreciation. Evaluating the low vacancy rates and stable demand can further enhance your investment strategy here.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$250/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental price for properties in Mendota is around $1,200, which shows a favorable rental yield for investors.
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