Under $200K Investment Properties for Sale in Mount Morris, IL
$ 165,000
ROI
22.3
Cash Flow/m
117- 3 Bed
- 2 Bath
- 1650 sft
420 E Hitt St, Mount Morris, IL, 61054
$ 167,500
ROI
28.5Cash Flow/m
405- 3 Bed
- 1 Bath
- 1290 sft
507 W 1st St, Mount Morris, IL, 61054
$ 114,900
ROI
21.9Cash Flow/m
67- 2 Bed
- 1 Bath
- 800 sft
312 Hill St, Mount Morris, IL, 61054
$ 152,000
ROI
29.6Cash Flow/m
415- 3 Bed
- 2 Bath
- 1992 sft
111 N Wesley Ave, Mount Morris, IL, 61054
Why Invest in Mount Morris, Illinois?
Investing in Mount Morris, IL offers unique opportunities for properties priced under $200k. With affordable housing options, this area provides an attractive entry point for investors seeking good rental yields and solid cash flow. The local real estate market is backed by a stable economic environment, making it a prudent choice for long-term investment.
8.5%
Avg. ROI
6%
Rental Yield
10.2%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average property prices in Mount Morris, IL, especially for homes under $200k, make it an attractive area for first-time investors. This affordability allows for diverse investment strategies.
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