Herrin, IL Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Herrin, IL. Based on 10+ datapoints.
Herrin, IL Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
7%
Avg Cash on Cash
1.4%
Median Cashflow
$4/mo
Avg Rent Estimate
$1,623/mo
Avg Price
$183,200
Price Range
$71,300 - $275,500
Rent to Price
0.89%
okay ratio
Positive Cashflow
55%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Herrin, IL
Herrin, IL is an emerging long-term rental market gaining investor attention. With 10+ properties analyzed, early data shows the market is developing. The median cap rate of 7% suggests room for early-mover advantage as more rental inventory becomes available.
Based on 10+ analyzed properties, the median monthly cashflow in Herrin, IL is $4 with average rents of $1,623/month. Properties range from $71,300 to $275,500, offering entry points across multiple investment budgets.
Herrin, IL Rental Market Insights
- •Positive median cashflow of $4/month indicates most investors cover expenses
- •7% median cap rate reflects a balanced risk-return profile
- •55% positive cashflow rate means roughly half properties are cash-flow positive
- •Moderately priced market with properties from $71,300 to $275,500
- •Early-stage market data — revisit as more properties are analyzed for stronger signals