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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Mount Prospect, IL
$ 188,000
ROI
31.3
Cash Flow/m
602- 2 Bed
- 2 Bath
- 1200 sft
1777 W Crystal Ln UNIT 602, Mount Prospect, IL, 60056
$ 185,000
ROI
22.4Cash Flow/m
135- 1 Bed
- 1 Bath
- 716 sft
1101 S Hunt Club Dr APT 115, Mount Prospect, IL, 60056
Fix & Flip
$ 140,000
ROI
42.5Cash Flow/m
888- 2 Bed
- 1 Bath
- 850 sft
707 W Central Rd #2C6, Mount Prospect, IL, 60056
$ 170,000
ROI
32.5Cash Flow/m
601- 2 Bed
- 1 Bath
- 1100 sft
1505 S Canford Cliffs Dr APT 2F, Mount Prospect, IL, 60056
Why Invest in Mount Prospect, Illinois?
Investing in properties under $200k in Mount Prospect offers a unique opportunity for real estate investors. With a median home price that remains lower than surrounding suburbs, the potential for high rental yields is promising. The area showcases a stable job market and growing population, making it an attractive spot for rentals.
8.5%
Avg. ROI
6%
Rental Yield
7.2%
Cap Rate
$1200/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4.5%
1Y Appreciation
Frequently Asked Questions
In Mount Prospect, you can find a variety of options including single-family homes, condos, and townhomes under $200k. These properties are ideal for first-time home buyers and investors looking for affordable investments.
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