Salem, IL Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Salem, IL. Based on 10+ datapoints.
Salem, IL Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
6%
Avg Cash on Cash
-4%
Median Cashflow
-$164/mo
Avg Rent Estimate
$1,833/mo
Avg Price
$214,150
Price Range
$134,900 - $297,400
Rent to Price
0.86%
okay ratio
Positive Cashflow
22%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Salem, IL
Salem, 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 6% suggests room for early-mover advantage as more rental inventory becomes available.
Based on 10+ analyzed properties, the median monthly cashflow in Salem, IL is -$164 with average rents of $1,833/month. Properties range from $134,900 to $297,400, offering entry points across multiple investment budgets.
Salem, IL Rental Market Insights
- •Median cashflow is -$164/month — careful deal selection is essential here
- •6% median cap rate reflects a balanced risk-return profile
- •At 22% positive cashflow rate, Salem, IL requires selective property picks
- •Moderately priced market with properties from $134,900 to $297,400
- •Early-stage market data — revisit as more properties are analyzed for stronger signals