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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
$ 164,900
ROI
23.3
Cash Flow/m
161- 4 Bed
- 2 Bath
- 1837 sft
209 8th Ave, Mendota, IL, 61342
$ 132,400
ROI
23.0Cash Flow/m
119- 3 Bed
- 1 Bath
- 864 sft
1510 Guiles Ave, Mendota, IL, 61342
Fix & Flip
$ 114,900
ROI
22.4Cash Flow/m
84- 3 Bed
- 2 Bath
- 1204 sft
404 5th Ave, Mendota, IL, 61342
$ 149,000
ROI
22.3Cash Flow/m
104- 3 Bed
- 2 Bath
- 1843 sft
806 16th St, 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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