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

Mendota, IL has a median modeled monthly cash flow of $-184 and a median cap rate of 5.0%, on a median sold price of $159,900. Prices changed -4.8% year over year.

What is the average cap rate in Mendota, IL?

The median cap rate across recently sold homes in Mendota, IL is 5.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mendota, IL?

The median sold price in Mendota, IL is $159,900 (about $109 per square foot).

Investing in Mendota, IL Real Estate

A data-driven snapshot of the Mendota, 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.

$159,900Median sold price

$109Median $/sqft

5.0%Median cap rate

$-184Modeled cash flow / mo

-4.8%Appreciation YoY

9.6Months of supply

52Active listings

65Sold (last 12 mo)

What the Mendota numbers say

In Mendota, IL, the median home sold for $159,900 (about $109 per square foot), and the typical deal models out to a 5.0% cap rate with a median $-184 of monthly cash flow. Sold prices moved -4.8% over the past year. Inventory sits at about 9.6 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 Mendota cash-flowing listings

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