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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
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?
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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