Mount Vernon, IL Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Mount Vernon, IL. Based on 10+ datapoints.
Mount Vernon, IL Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
4.1%
Avg Cash on Cash
-12%
Median Cashflow
-$487/mo
Avg Rent Estimate
$1,442/mo
Avg Price
$232,678
Price Range
$131,200 - $329,900
Rent to Price
0.62%
low ratio
Positive Cashflow
15%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Mount Vernon, IL
Mount Vernon, 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 4.1% suggests room for early-mover advantage as more rental inventory becomes available.
Based on 10+ analyzed properties, the median monthly cashflow in Mount Vernon, IL is -$487 with average rents of $1,442/month. Properties range from $131,200 to $329,900, offering entry points across multiple investment budgets.
8340 N Cherryville Ln, Mount Vernon, IL 62864
Price
$230,300
Rent
$1,381
CachFlow
-$565
CoC
-14.02
15558 E Country Meadows Rd, Mount Vernon, IL 62864
Price
$385,100
Rent
$2,555
CachFlow
-$778
CoC
-11.54
Mount Vernon, IL Rental Market Insights
- •Median cashflow is -$487/month — careful deal selection is essential here
- •4.1% median cap rate is typical of appreciation-focused markets
- •At 15% positive cashflow rate, Mount Vernon, IL requires selective property picks
- •Moderately priced market with properties from $131,200 to $329,900
- •Early-stage market data — revisit as more properties are analyzed for stronger signals