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

Mount Prospect, IL has a median modeled monthly cash flow of $-1,212 and a median cap rate of 3.1%, on a median sold price of $445,000. Prices changed +6.9% year over year.

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

The median cap rate across recently sold homes in Mount Prospect, IL is 3.1%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Mount Prospect, IL is $445,000 (about $262 per square foot).

Investing in Mount Prospect, IL Real Estate

A data-driven snapshot of the Mount Prospect, 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.

$445,000Median sold price

$262Median $/sqft

3.1%Median cap rate

$-1,212Modeled cash flow / mo

+6.9%Appreciation YoY

6.3Months of supply

271Active listings

517Sold (last 12 mo)

What the Mount Prospect numbers say

In Mount Prospect, IL, the median home sold for $445,000 (about $262 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-1,212 of monthly cash flow. Sold prices moved +6.9% over the past year. Inventory sits at about 6.3 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 Prospect cash-flowing listings

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