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 5 E Lincoln St, Mount Morris, IL
$ 225,000
ROI
29.0ROI percentage
Cash Flow/m
Dollar sign578
  • 4 Bed
  • 2 Bath
  • 2220 sft
5 E Lincoln St, Mount Morris, IL, 61054
Property at 109 W Main St, Mount Morris, IL
$ 220,000
ROI
30.6ROI percentage
Cash Flow/m
Dollar sign666
  • 3 Bed
  • 2 Bath
  • 2028 sft
109 W Main St, Mount Morris, IL, 61054
Property at 312 Hill St, Mount Morris, IL
$ 114,900
ROI
21.9ROI percentage
Cash Flow/m
Dollar sign67
  • 2 Bed
  • 1 Bath
  • 800 sft
312 Hill St, Mount Morris, IL, 61054
Property at 510 W Hitt St, Mount Morris, IL
$ 235,000
ROI
19.9ROI percentage
Cash Flow/m
Dollar sign11
  • 3 Bed
  • 3 Bath
  • 2100 sft
510 W Hitt 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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