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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Mokena, IL
Listed for sale 1 day ago
$ 229,900
ROI
26.2
Cash Flow/m
414- 3 Bed
- 2 Bath
- 1200 sft
19519 116th Ave Unit B, Mokena, IL, 60448
Fix & Flip
Listed for sale 3 days ago
$ 275,000
ROI
20.7Cash Flow/m
71- 3 Bed
- 2 Bath
- 1524 sft
18860 S Leila Dr, Mokena, IL, 60448
$ 334,900
ROI
27.6Cash Flow/m
731- 3 Bed
- 2 Bath
- 1400 sft
19600 Catulpa St, Mokena, IL, 60448
$ 219,900
ROI
26.3Cash Flow/m
400- 2 Bed
- 2 Bath
- 1152 sft
19536 115th Ave Unit B, Mokena, IL, 60448
Why Invest in Mokena, Illinois?
Investing in Mokena, IL, particularly in properties under $500k, offers a unique opportunity to tap into a growing market. With an average rental yield of 7% and an appreciation rate of 5% annually, investors can expect decent returns in a suburban area that's increasingly desirable for families. The current vacancy rate is at a mere 4%, indicating strong demand for rental properties.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
As of now, the average home price in Mokena is around $450,000, making it an attractive market for first-time buyers and investors. There are opportunities to find homes under $500k in this growing community.
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