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 15+ datapoints.
Waukegan, IL Long-Term Rental Investment Snapshot
Based on 15+ long-term rental datapoints
Median Cap Rate
6%
Avg Cash on Cash
-4.1%
Median Cashflow
-$155/mo
Avg Rent Estimate
$2,622/mo
Avg Price
$295,881
Price Range
$216,700 - $377,800
Rent to Price
0.89%
okay ratio
Positive Cashflow
15%
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 15+ 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 15+ analyzed properties, the median monthly cashflow in Waukegan, IL is -$155 with average rents of $2,622/month. Properties range from $216,700 to $377,800, offering entry points across multiple investment budgets.
Waukegan, IL Rental Market Insights
- •Median cashflow is -$155/month — careful deal selection is essential here
- •6% median cap rate reflects a balanced risk-return profile
- •At 15% positive cashflow rate, Waukegan, IL requires selective property picks
- •Moderately priced market with properties from $216,700 to $377,800
- •Early-stage market data — revisit as more properties are analyzed for stronger signals