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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Morris, IL
$ 250,000
ROI
27.0
Cash Flow/m
508- 2 Bed
- 2 Bath
- 1700 sft
300 W Jefferson St APT A, Morris, IL, 60450
$ 190,000
ROI
21.0Cash Flow/m
67- 2 Bed
- 2 Bath
- 1346 sft
100 Green Acres Dr APT 2, Morris, IL, 60450
$ 207,000
ROI
21.9Cash Flow/m
124- 2 Bed
- 2 Bath
- 1420 sft
601 Boulder Dr APT A1, Morris, IL, 60450
$ 124,900
ROI
24.2Cash Flow/m
154- 1 Bed
- 1 Bath
- 750 sft
1801 Lisbon Rd APT C, Morris, IL, 60450
Why Invest in Morris, Illinois?
Investing in Morris, Illinois, offers a unique opportunity for condo buyers. With the cap rate hovering around 7%, investors can expect an attractive return on investment. Coupled with an average rental yield of 8%, and a steady appreciation rate of 3%, Morris is poised for growth. Additionally, the average rent for condos stands at $1,200 per month, providing solid cash flow options.
9%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental price for condos in Morris is approximately $1,200 per month, making it an affordable option for renters.
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