Galena, IL Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Galena, IL. Based on 10+ datapoints.
Galena, IL Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
2.5%
Avg Cash on Cash
-19.7%
Median Cashflow
-$1,144/mo
Avg Rent Estimate
$1,967/mo
Avg Price
$408,290
Price Range
$273,800 - $659,600
Rent to Price
0.48%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Galena, IL
Galena, IL is primarily an appreciation-driven market for long-term rental investors. Cap rates average 2.5%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in Galena, IL is -$1,144 with average rents of $1,967/month. Properties range from $273,800 to $659,600, offering entry points across multiple investment budgets.
Galena, IL Rental Market Insights
- •Median cashflow is -$1,144/month — careful deal selection is essential here
- •2.5% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, Galena, IL requires selective property picks
- •Mid-to-upper tier market with properties from $273,800 to $659,600
- •Consider this market if your strategy favors equity growth with rental income covering holding costs