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
5.3%
Avg Cash on Cash
-6.2%
Median Cashflow
-$363/mo
Avg Rent Estimate
$2,517/mo
Avg Price
$294,677
Price Range
$200K – $400K
approximate
Rent to Price
0.85%
okay ratio
Positive Cashflow
8%
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 5.3% 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 -$363 with average rents of $2,517/month. Properties are priced about $200,000 to $400,000, offering entry points across multiple investment budgets.
Waukegan, IL Rental Market Insights
- Median cashflow is -$363/month — careful deal selection is essential here
- 5.3% median cap rate reflects a balanced risk-return profile
- At 8% positive cashflow rate, Waukegan, IL requires selective property picks
- Moderately priced market with properties priced about $200,000 to $400,000
- Early-stage market data — revisit as more properties are analyzed for stronger signals