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
4.9%
Avg Cash on Cash
-7.1%
Median Cashflow
-$300/mo
Avg Rent Estimate
$1,559/mo
Avg Price
$231,185
Price Range
$89,900 - $473,500
Rent to Price
0.67%
low ratio
Positive Cashflow
25%
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 4.9% 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 -$300 with average rents of $1,559/month. Properties range from $89,900 to $473,500, offering entry points across multiple investment budgets.
14652 N State Highway 37, Mount Vernon, IL 62864
Price
$277,900
Rent
$2,012
CachFlow
-$474
CoC
-9.75
Mount Vernon, IL Rental Market Insights
- •Median cashflow is -$300/month — careful deal selection is essential here
- •4.9% median cap rate is typical of appreciation-focused markets
- •At 25% positive cashflow rate, Mount Vernon, IL requires selective property picks
- •Moderately priced market with properties from $89,900 to $473,500
- •Early-stage market data — revisit as more properties are analyzed for stronger signals