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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K 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 1 day ago
$ 218,000
ROI
23.1Cash Flow/m
203- 3 Bed
- 2 Bath
- 1344 sft
12300 Cooks Dr, 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
Why Invest in Mount Vernon, Illinois?
Investing in properties under $300k in Mount Vernon, IL presents a lucrative opportunity for investors seeking affordable properties in a growing market. With a rental yield around 8% and a manageable vacancy rate of 5%, it is a prime location for cash flow investments. The city has shown steady price appreciation of over 3% annually, making it attractive for both new and seasoned investors.
10%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$250/mo
Avg. Cash Flow
$800/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent for properties in Mount Vernon, IL is around $800 per month, which provides an attractive rental yield for investors.
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