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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
$ 119,500
ROI
22.8
Cash Flow/m
102- 3 Bed
- 2 Bath
- 1196 sft
1905 S 15th St, Mount Vernon, IL, 62864
Fix & Flip
$ 105,000
ROI
23.2Cash Flow/m
102- 2 Bed
- 1 Bath
- 1480 sft
19855 N Prior Ln, Mount vernon, IL, 62864
Listed for sale 4 days ago
$ 185,000
ROI
23.1Cash Flow/m
174- 4 Bed
- 4 Bath
- 1936 sft
15827 N McCauley Ln, Mount Vernon, IL, 62864
$ 149,800
ROI
23.1Cash Flow/m
141- 3 Bed
- 2 Bath
- 1435 sft
16 Hillcrest Dr, 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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