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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Morris, IL
$ 295,000
ROI
30.6
Cash Flow/m
893- 3 Bed
- 3 Bath
- 1716 sft
627 E Main St, Morris, IL, 60450
$ 245,000
ROI
23.0Cash Flow/m
221- 3 Bed
- 2 Bath
- 1208 sft
822 Douglas St, Morris, IL, 60450
$ 210,000
ROI
21.5Cash Flow/m
103- 2 Bed
- 2 Bath
- - sft
6240 Gun Club Rd, Morris, IL, 60450
$ 258,000
ROI
21.6Cash Flow/m
130- 3 Bed
- 2 Bath
- 1800 sft
420 E Benton St, Morris, IL, 60450
Why Invest in Morris, Illinois?
Investing in Morris, IL offers opportunities to purchase properties under $300k, making it an attractive option for budget-conscious investors. The city's economy benefits from local industries and has seen steady rental demand, contributing to reliable cash flow. With an average rental yield of 6.2% and a cap rate around 8.5%, Morris presents solid investment potential in the real estate market.
12%
Avg. ROI
6.2%
Rental Yield
8.5%
Cap Rate
$200/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental price in Morris, IL is approximately $1,200 per month, making it an affordable option for renters compared to larger cities.
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