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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 today
$ 309,900
ROI
23.6
Cash Flow/m
335- 2 Bed
- 3 Bath
- 1631 sft
9203 W Westinghouse Ct #0, Mokena, IL, 60448
Listed for sale today
$ 300,000
ROI
30.8Cash Flow/m
918- 3 Bed
- 1 Bath
- 1164 sft
18830 S Wolf Rd, Mokena, IL, 60448
Listed for sale 5 days ago
$ 369,000
ROI
24.6Cash Flow/m
495- 3 Bed
- 2 Bath
- 1200 sft
12639 Valley St, Mokena, IL, 60448
Listed for sale 7 days ago
$ 415,000
ROI
21.3Cash Flow/m
175- 3 Bed
- 3 Bath
- 1272 sft
11420 194th St, 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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