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

Mackinaw, IL has a median modeled monthly cash flow of $-836 and a median cap rate of 2.3%, on a median sold price of $185,000. Prices changed -1.3% year over year.

What is the average cap rate in Mackinaw, IL?

The median cap rate across recently sold homes in Mackinaw, IL is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mackinaw, IL?

The median sold price in Mackinaw, IL is $185,000 (about $114 per square foot).

Investing in Mackinaw, IL Real Estate

A data-driven snapshot of the Mackinaw, 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.

$185,000Median sold price

$114Median $/sqft

2.3%Median cap rate

$-836Modeled cash flow / mo

-1.3%Appreciation YoY

5.0Months of supply

13Active listings

31Sold (last 12 mo)

What the Mackinaw numbers say

In Mackinaw, IL, the median home sold for $185,000 (about $114 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-836 of monthly cash flow. Sold prices moved -1.3% over the past year. Inventory sits at about 5.0 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 Mackinaw cash-flowing listings

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