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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
$ 185,000
ROI
26.0
Cash Flow/m
320- 3 Bed
- 3 Bath
- 1709 sft
1020 N 18th St, 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 6 days ago
$ 215,000
ROI
22.2Cash Flow/m
147- 3 Bed
- 2 Bath
- 2150 sft
15665 N Angling Ln, Mount Vernon, IL, 62864
Listed for sale 6 days ago
$ 143,000
ROI
22.5Cash Flow/m
110- 3 Bed
- 2 Bath
- 2340 sft
15636 N Squire 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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