Under $300K Investment Properties for Sale in Mount Vernon, IL

Property at 925 Airport Rd, Mount Vernon, IL
Listed for sale 1 day ago
$ 122,900
ROI
26.2ROI percentage
Cash Flow/m
Dollar sign219
  • 2 Bed
  • 1 Bath
  • 884 sft
925 Airport Rd, Mount Vernon, IL, 62864
Property at 19855 N Prior Ln, Mount vernon, IL
Fix & Flip
$ 105,000
ROI
23.2ROI percentage
Cash Flow/m
Dollar sign102
  • 2 Bed
  • 1 Bath
  • 1480 sft
19855 N Prior Ln, Mount vernon, IL, 62864
Property at 702 N 12th St, Mount Vernon, IL
Listed for sale 4 days ago
$ 115,000
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign121
  • 3 Bed
  • 2 Bath
  • 1497 sft
702 N 12th St, Mount Vernon, IL, 62864
Property at 620 Pear St, Mount Vernon, IL
Listed for sale 7 days ago
$ 153,000
ROI
22.9ROI percentage
Cash Flow/m
Dollar sign135
  • 3 Bed
  • 2 Bath
  • 1464 sft
620 Pear St, 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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