Investment Properties Under $500K in Mount Vernon, IL | Ziffy.ai
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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

Property at 8340 N Cherryville Ln, Mount Vernon, IL
Listed for sale 6 days ago
$ 235,000
ROI
20.2ROI percentage
Cash Flow/m
Dollar sign27
  • 3 Bed
  • 2 Bath
  • 1800 sft
8340 N Cherryville Ln, 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 15558 E Country Meadows Rd, Mount Vernon, IL
$ 400,000
ROI
22.4ROI percentage
Cash Flow/m
Dollar sign292
  • 3 Bed
  • 4 Bath
  • 3094 sft
15558 E Country Meadows Rd, Mount Vernon, IL, 62864
Property at 4304 Woodglen Ln, Mount Vernon, IL
$ 207,000
ROI
27.3ROI percentage
Cash Flow/m
Dollar sign433
  • 3 Bed
  • 2 Bath
  • 1552 sft
4304 Woodglen 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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