Is Chenoa, IL a good place to invest in rental property?

Chenoa, IL has a median modeled monthly cash flow of $-552 and a median cap rate of 3.2%, on a median sold price of $133,500. Prices changed +17.9% year over year.

What is the average cap rate in Chenoa, IL?

The median cap rate across recently sold homes in Chenoa, IL is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Chenoa, IL?

The median sold price in Chenoa, IL is $133,500 (about $102 per square foot).

Investing in Chenoa, IL Real Estate

A data-driven snapshot of the Chenoa, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$133,500Median sold price

$102Median $/sqft

3.2%Median cap rate

$-552Modeled cash flow / mo

+17.9%Appreciation YoY

4.7Months of supply

14Active listings

36Sold (last 12 mo)

What the Chenoa numbers say

In Chenoa, IL, the median home sold for $133,500 (about $102 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-552 of monthly cash flow. Sold prices moved +17.9% over the past year. Inventory sits at about 4.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Chenoa cash-flowing listings

CashFlowRE ranks every for-sale home in Chenoa, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Chenoa deals, or browse the national market data.