Investment Properties Under $300K in Mount Morris, IL | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $300K Investment Properties for Sale in Mount Morris, IL

Property at 107 N Wesley Ave, Mount Morris, IL
Rental Income
$ 249,999
ROI
24.1ROI percentage
Cash Flow/m
Dollar sign300
  • 5 Bed
  • 3 Bath
  • 2975 sft
107 N Wesley Ave, Mount Morris, IL, 61054
Property at 313 E Lincoln St, Mount Morris, IL
$ 124,900
ROI
23.2ROI percentage
Cash Flow/m
Dollar sign119
  • 2 Bed
  • 1 Bath
  • 1426 sft
313 E Lincoln St, Mount Morris, IL, 61054
Property at 1854 N Weller Dr, Mount Morris, IL
Fix & Flip
$ 172,900
ROI
22.4ROI percentage
Cash Flow/m
Dollar sign127
  • 3 Bed
  • 2 Bath
  • 2126 sft
1854 N Weller Dr, Mount Morris, IL, 61054
Property at 503 W Center St, Mount Morris, IL
$ 187,000
ROI
29.0ROI percentage
Cash Flow/m
Dollar sign481
  • 3 Bed
  • 2 Bath
  • 2353 sft
503 W Center St, Mount Morris, IL, 61054

Why Invest in Mount Morris, Illinois?

Investing in properties under $300k in Mount Morris, IL offers an affordable entry point in the competitive real estate market. With an average rental yield of 8.5% and a cap rate of 6.2%, this locale provides robust opportunities for cash flow generation. Investors can take advantage of the growing renter-occupied percentage of 62% in the area, reflecting the demand for rental properties.

6.5%
Avg. ROI
8.5%
Rental Yield
6.2%
Cap Rate
$350/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4.2%
1Y Appreciation

Frequently Asked Questions

The average rent for properties in Mount Morris is approximately $950 per month, which reflects a competitive market for renters.

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