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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
$ 379,999
ROI
22.9
Cash Flow/m
332- 4 Bed
- 4 Bath
- 3300 sft
14181 N Manhattan Ln, 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
$ 119,500
ROI
22.8Cash Flow/m
102- 3 Bed
- 2 Bath
- 1196 sft
1905 S 15th St, 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
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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