Joliet, IL Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Joliet, IL. Based on 20+ datapoints.
Joliet, IL Long-Term Rental Investment Snapshot
Based on 20+ long-term rental datapoints
Median Cap Rate
4.5%
Avg Cash on Cash
-9.7%
Median Cashflow
-$554/mo
Avg Rent Estimate
$2,403/mo
Avg Price
$343,404
Price Range
$199,900 - $462,400
Rent to Price
0.7%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Joliet, IL
Joliet, IL is an emerging long-term rental market gaining investor attention. With 20+ properties analyzed, early data shows the market is developing. The median cap rate of 4.5% suggests room for early-mover advantage as more rental inventory becomes available.
Based on 20+ analyzed properties, the median monthly cashflow in Joliet, IL is -$554 with average rents of $2,403/month. Properties range from $199,900 to $462,400, offering entry points across multiple investment budgets.
Joliet, IL Rental Market Insights
- •Median cashflow is -$554/month — careful deal selection is essential here
- •4.5% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, Joliet, IL requires selective property picks
- •Mid-to-upper tier market with properties from $199,900 to $462,400
- •Early-stage market data — revisit as more properties are analyzed for stronger signals