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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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
$ 299,900
ROI
22.6Cash Flow/m
239- 3 Bed
- 2 Bath
- 3215 sft
1711 Peri Dr, Mendota, IL, 61342
Why Invest in Mendota, Illinois?
Mendota, Illinois, presents a unique opportunity for real estate investors focused on properties under $500K. With affordable housing options and a growing community, the local market offers promising metrics like an average rental yield of 6% and a cap rate of 8%. Investors can benefit from steady appreciation and low vacancy rates, making it an attractive choice for investment.
12%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$200/mo
Avg. Cash Flow
$1000/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rental price in Mendota is around $1,000 per month, making it a cost-effective option for many residents.
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