Waukegan, IL Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Waukegan, IL. Based on 10+ datapoints.
Waukegan, IL Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
5.4%
Avg Cash on Cash
-4.1%
Median Cashflow
-$261/mo
Avg Rent Estimate
$2,532/mo
Avg Price
$297,764
Price Range
$245,000 - $377,800
Rent to Price
0.85%
okay ratio
Positive Cashflow
23%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Waukegan, IL
Waukegan, 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 5.4% suggests room for early-mover advantage as more rental inventory becomes available.
Based on 10+ analyzed properties, the median monthly cashflow in Waukegan, IL is -$261 with average rents of $2,532/month. Properties range from $245,000 to $377,800, offering entry points across multiple investment budgets.
Waukegan, IL Rental Market Insights
- •Median cashflow is -$261/month — careful deal selection is essential here
- •5.4% median cap rate reflects a balanced risk-return profile
- •At 23% positive cashflow rate, Waukegan, IL requires selective property picks
- •Mid-to-upper tier market with properties from $245,000 to $377,800
- •Early-stage market data — revisit as more properties are analyzed for stronger signals