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

Gages Lake, IL has a median modeled monthly cash flow of $-544 and a median cap rate of 4.4%, on a median sold price of $344,900. Prices changed +3.2% year over year.

What is the average cap rate in Gages Lake, IL?

The median cap rate across recently sold homes in Gages Lake, IL is 4.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Gages Lake, IL?

The median sold price in Gages Lake, IL is $344,900 (about $191 per square foot).

Investing in Gages Lake, IL Real Estate

A data-driven snapshot of the Gages Lake, 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.

$344,900Median sold price

$191Median $/sqft

4.4%Median cap rate

$-544Modeled cash flow / mo

+3.2%Appreciation YoY

6.4Months of supply

69Active listings

129Sold (last 12 mo)

What the Gages Lake numbers say

In Gages Lake, IL, the median home sold for $344,900 (about $191 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-544 of monthly cash flow. Sold prices moved +3.2% over the past year. Inventory sits at about 6.4 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 Gages Lake cash-flowing listings

CashFlowRE ranks every for-sale home in Gages Lake, 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 Gages Lake deals, or browse the national market data.