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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Monmouth, IL
Listed for sale 7 days ago
$ 155,000
ROI
22.5
Cash Flow/m
119- 2 Bed
- 2 Bath
- 1603 sft
521 N 10th St, Monmouth, IL, 61462
$ 125,499
ROI
28.4Cash Flow/m
301- 2 Bed
- 1 Bath
- 1152 sft
1037 E 1st Ave, Monmouth, IL, 61462
$ 135,000
ROI
23.2Cash Flow/m
129- 3 Bed
- 2 Bath
- 1926 sft
314 N 3rd St, Monmouth, IL, 61462
$ 105,000
ROI
22.8Cash Flow/m
89- 3 Bed
- 2 Bath
- 1422 sft
1142 E 6th Ave, Monmouth, IL, 61462
Why Invest in Monmouth, Illinois?
Investing under $300k in Monmouth, IL, presents an excellent opportunity for future growth. The city boasts a vibrant rental market with an average rental yield of 8% and a cap rate of 9%, making it attractive for both new and experienced investors. With job growth in the area around 1.5% and an appreciation rate of 4%, the potential for long-term gains is significant.
12%
Avg. ROI
8%
Rental Yield
9%
Cap Rate
$200/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent for properties in Monmouth, IL, typically hovers around $950 per month, making it an affordable option for renters and an attractive market for investors.
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