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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Mount Prospect, IL
$ 299,900
ROI
26.5
Cash Flow/m
560- 3 Bed
- 2 Bath
- 1140 sft
32 N Albert St, Mount Prospect, IL, 60056
$ 299,999
ROI
22.1Cash Flow/m
196- 2 Bed
- 2 Bath
- 1200 sft
1777 W Crystal Ln Unit 307, Mount Prospect, IL, 60056
$ 264,900
ROI
24.1Cash Flow/m
321- 2 Bed
- 2 Bath
- 1200 sft
502 W Huntington Commons Rd APT 339, Mount Prospect, IL, 60056
$ 274,999
ROI
21.3Cash Flow/m
116- 2 Bed
- 2 Bath
- - sft
1101 S Hunt Club Dr APT 403, Mount Prospect, IL, 60056
Why Invest in Mount Prospect, Illinois?
Investing in Mount Prospect, IL, offers an excellent opportunity for those seeking properties under $300k. The suburb has consistent rental demand due to its proximity to Chicago, coupled with reasonable home prices. With an average ROI of 7%, a cap rate of 5.5%, and a rental yield of 6%, Mount Prospect stands as a solid market for cash flow.
7%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average home price for properties under $300k in Mount Prospect typically ranges from $250k to $300k, making it an affordable choice for many investors.
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