Under $300K Investment Properties for Sale in Monmouth, IL
$ 203,335
ROI
26.0
Cash Flow/m
354- 4 Bed
- 2 Bath
- 1845 sft
703 N I St, Monmouth, IL, 61462
$ 185,000
ROI
22.0Cash Flow/m
114- 3 Bed
- 3 Bath
- 2212 sft
321 S East St, Monmouth, IL, 61462
$ 145,000
ROI
23.1Cash Flow/m
133- 3 Bed
- 1 Bath
- 1050 sft
1209 Lincoln Rd #61462, Monmouth, IL, 61462
$ 122,500
ROI
21.9Cash Flow/m
74- 3 Bed
- 1 Bath
- 948 sft
104 N I St, 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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