Under $300K Investment Properties for Sale in Mount Carmel, IL
303- 2 Bed
- 1 Bath
- 899 sft
95- 4 Bed
- 4 Bath
- 2233 sft
99- 2 Bed
- 1 Bath
- 962 sft
140- 6 Bed
- 4 Bath
- 1517 sft
Why Invest in Mount Carmel, Illinois?
Investing in Mount Carmel, IL, offers a unique opportunity to purchase properties under $300k, ideal for first-time investors or those seeking affordable options. With a strong rental market, investors can expect an average rental yield of 7% and a cap rate of approximately 9%, making it a sound financial decision for real estate investment. The region is witnessing a steady appreciation rate of 5% annually, alongside a renter-occupied rate of 62%, indicating solid demand for rental properties.
Frequently Asked Questions
The average home prices in Mount Carmel are currently around $200,000, with many properties available under $300k. This affordability makes it an attractive option for first-time homebuyers.
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