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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
$ 435,000
ROI
20.1
Cash Flow/m
37- 3 Bed
- 2 Bath
- 1367 sft
19838 Patricia Ln, Mokena, IL, 60448
Listed for sale 2 days ago
$ 309,900
ROI
26.4Cash Flow/m
575- 3 Bed
- 3 Bath
- 1584 sft
(Undisclosed Address), Mokena, IL, 60448
Listed for sale 6 days ago
$ 499,900
ROI
23.0Cash Flow/m
458- 4 Bed
- 3 Bath
- 2550 sft
11617 Parkside Ln, Mokena, IL, 60448
$ 440,000
ROI
23.7Cash Flow/m
477- 4 Bed
- 3 Bath
- 2340 sft
10752 1st Ct, 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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