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
-12.1%
Median Cashflow
-$1,012/mo
Avg Rent Estimate
$2,997/mo
Avg Price
$483,536
Price Range
$384,900 - $634,700
Rent to Price
0.62%
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 premium 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 -$1,012 with average rents of $2,997/month. Properties range from $384,900 to $634,700, offering entry points across multiple investment budgets.
704 N Wilshire Dr, Mount Prospect, IL 60056
Price
$425,200
Rent
$2,864
CachFlow
-$1,049
CoC
-14.1
1121 N Crabtree Ln, Mount Prospect, IL 60056
Price
$527,100
Rent
$2,997
CachFlow
-$1,299
CoC
-14.08
Mount Prospect, IL Rental Market Insights
- •Median cashflow is -$1,012/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
- •Premium market with properties from $384,900 to $634,700
- •Consider this market if your strategy favors equity growth with rental income covering holding costs