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

Long Lake, IL has a median modeled monthly cash flow of $-617 and a median cap rate of 4.2%, on a median sold price of $230,000. Prices changed -1.3% year over year.

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

The median cap rate across recently sold homes in Long Lake, IL is 4.2%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Long Lake, IL is $230,000 (about $189 per square foot).

Investing in Long Lake, IL Real Estate

A data-driven snapshot of the Long 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.

$230,000Median sold price

$189Median $/sqft

4.2%Median cap rate

$-617Modeled cash flow / mo

-1.3%Appreciation YoY

9.3Months of supply

24Active listings

31Sold (last 12 mo)

What the Long Lake numbers say

In Long Lake, IL, the median home sold for $230,000 (about $189 per square foot), and the typical deal models out to a 4.2% cap rate with a median $-617 of monthly cash flow. Sold prices moved -1.3% over the past year. Inventory sits at about 9.3 months of supply — a looser, buyer-friendly market. 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 Long Lake cash-flowing listings

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