Under $300K 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
$ 225,000
ROI
29.0Cash Flow/m
578- 4 Bed
- 2 Bath
- 2220 sft
5 E Lincoln St, Mount Morris, IL, 61054
$ 220,000
ROI
30.6Cash Flow/m
666- 3 Bed
- 2 Bath
- 2028 sft
109 W Main 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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