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

Mount Morris, IL has a median modeled monthly cash flow of $-259 and a median cap rate of 4.5%, on a median sold price of $156,560. Prices changed -4.7% year over year.

What is the average cap rate in Mount Morris, IL?

The median cap rate across recently sold homes in Mount Morris, IL is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mount Morris, IL?

The median sold price in Mount Morris, IL is $156,560 (about $102 per square foot).

Investing in Mount Morris, IL Real Estate

A data-driven snapshot of the Mount Morris, 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.

$156,560Median sold price

$102Median $/sqft

4.5%Median cap rate

$-259Modeled cash flow / mo

-4.7%Appreciation YoY

6.7Months of supply

25Active listings

45Sold (last 12 mo)

What the Mount Morris numbers say

In Mount Morris, IL, the median home sold for $156,560 (about $102 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-259 of monthly cash flow. Sold prices moved -4.7% over the past year. Inventory sits at about 6.7 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 Mount Morris cash-flowing listings

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