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
2.4%
Avg Cash on Cash
-18.9%
Median Cashflow
-$1,128/mo
Avg Rent Estimate
$1,811/mo
Avg Price
$404,496
Price Range
$230,000 - $695,000
Rent to Price
0.45%
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 2.4%, 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 -$1,128 with average rents of $1,811/month. Properties range from $230,000 to $695,000, offering entry points across multiple investment budgets.
Galena, IL Rental Market Insights
- •Median cashflow is -$1,128/month — careful deal selection is essential here
- •2.4% 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 $230,000 to $695,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs