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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Mount Vernon, IL
Listed for sale 1 day ago
$ 103,500
ROI
22.8
Cash Flow/m
87- 3 Bed
- 2 Bath
- 1200 sft
415 S 21st St, Mount Vernon, IL, 62864
Fix & Flip
Listed for sale 5 days ago
$ 105,000
ROI
22.4Cash Flow/m
77- 2 Bed
- 1 Bath
- 1480 sft
19855 N Prior Ln, Mount vernon, IL, 62864
$ 125,000
ROI
24.2Cash Flow/m
153- 2 Bed
- 1 Bath
- 1296 sft
623 N 12th St, MOUNT VERNON, IL, 62864
Listed for sale 4 days ago
$ 112,500
ROI
24.6Cash Flow/m
151- 3 Bed
- 1 Bath
- 1228 sft
1901 Richview Rd, Mount Vernon, IL, 62864
Why Invest in Mount Vernon, Illinois?
Investing in properties under $200K in Mount Vernon, IL offers incredible opportunities for discerning investors seeking value. With an average rental yield of 7.5% and a solid cap rate of 8%, the local market presents options for high cash flow. The city is experiencing a steady appreciation rate of 4% annually, making it an ideal location for both long-term and short-term investment strategies.
12%
Avg. ROI
7.5%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
You can find a variety of single-family homes, townhouses, and multi-family units under $200K. These properties often attract investors looking for affordable options in a growing market.
Find Your Perfect Investment Property in Mount Vernon, Illinois
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