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

Island Lake, IL has a median modeled monthly cash flow of $-530 and a median cap rate of 4.4%, on a median sold price of $310,000. Prices changed +7.6% year over year.

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

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

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

The median sold price in Island Lake, IL is $310,000 (about $205 per square foot).

Investing in Island Lake, IL Real Estate

A data-driven snapshot of the Island 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.

$310,000Median sold price

$205Median $/sqft

4.4%Median cap rate

$-530Modeled cash flow / mo

+7.6%Appreciation YoY

6.4Months of supply

68Active listings

128Sold (last 12 mo)

What the Island Lake numbers say

In Island Lake, IL, the median home sold for $310,000 (about $205 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-530 of monthly cash flow. Sold prices moved +7.6% 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 Island Lake cash-flowing listings

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