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

Lake Carroll, IL has a median modeled monthly cash flow of $-2,064 and a median cap rate of 0.2%, on a median sold price of $325,000. Prices changed -20.8% year over year.

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

The median cap rate across recently sold homes in Lake Carroll, IL is 0.2%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Lake Carroll, IL is $325,000 (about $145 per square foot).

Investing in Lake Carroll, IL Real Estate

A data-driven snapshot of the Lake Carroll, 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.

$325,000Median sold price

$145Median $/sqft

0.2%Median cap rate

$-2,064Modeled cash flow / mo

-20.8%Appreciation YoY

5.2Months of supply

37Active listings

85Sold (last 12 mo)

What the Lake Carroll numbers say

In Lake Carroll, IL, the median home sold for $325,000 (about $145 per square foot), and the typical deal models out to a 0.2% cap rate with a median $-2,064 of monthly cash flow. Sold prices moved -20.8% over the past year. Inventory sits at about 5.2 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 Lake Carroll cash-flowing listings

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