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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 Mount Vernon, IL offers a great opportunity for properties under $500k. The region is experiencing a steady appreciation rate of 4% and an average rental yield of 7%, making it an attractive option for investors seeking solid cash flow.
8%
Avg. ROI
7%
Rental Yield
9%
Cap Rate
$1200/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental price in Mount Vernon, IL is around $1,500 per month, depending on the property type and location within the city.
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