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
3.8%
Avg Cash on Cash
-12.7%
Median Cashflow
-$1,069/mo
Avg Rent Estimate
$2,915/mo
Avg Price
$474,050
Price Range
$410,800 - $599,000
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 3.8%, 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 -$1,069 with average rents of $2,915/month. Properties range from $410,800 to $599,000, offering entry points across multiple investment budgets.
1205 E Ironwood Dr, Mount Prospect, IL 60056
Price
$487,700
Rent
$2,970
CachFlow
-$1,230
CoC
-14.41
1814 W Catalpa Ln, Mount Prospect, IL 60056
Price
$439,900
Rent
$2,847
CachFlow
-$928
CoC
-12.05
810 S We Go Trl, Mount Prospect, IL 60056
Price
$525,000
Rent
$3,429
CachFlow
-$1,100
CoC
-11.97
Mount Prospect, IL Rental Market Insights
- •Median cashflow is -$1,069/month — careful deal selection is essential here
- •3.8% 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 $410,800 to $599,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs