Mount Prospect, IL Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Mount Prospect, IL. Based on 10+ datapoints.
Mount Prospect, IL Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
3.7%
Avg Cash on Cash
-12.2%
Median Cashflow
-$1,008/mo
Avg Rent Estimate
$3,102/mo
Avg Price
$488,656
Price Range
$384,900 - $539,900
Rent to Price
0.63%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Mount Prospect, IL
Mount Prospect, IL is primarily an appreciation-driven market for long-term rental investors. Cap rates average 3.7%, 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 Mount Prospect, IL is -$1,008 with average rents of $3,102/month. Properties range from $384,900 to $539,900, offering entry points across multiple investment budgets.
617 S Busse Rd, Mount Prospect, IL 60056
Price
$634,700
Rent
$3,004
CachFlow
-$2,171
CoC
-19.55
201 N Maple St, Mount Prospect, IL 60056
Price
$522,200
Rent
$3,440
CachFlow
-$1,004
CoC
-10.99
1331 N Indigo Dr, Mount Prospect, IL 60056
Price
$454,800
Rent
$2,945
CachFlow
-$1,012
CoC
-12.72
915 S See Gwun Ave, Mount Prospect, IL 60056
Price
$512,400
Rent
$3,135
CachFlow
-$1,182
CoC
-13.18
Mount Prospect, IL Rental Market Insights
- •Median cashflow is -$1,008/month — careful deal selection is essential here
- •3.7% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, Mount Prospect, IL requires selective property picks
- •Mid-to-upper tier market with properties from $384,900 to $539,900
- •Consider this market if your strategy favors equity growth with rental income covering holding costs