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

Savanna, IL has a median modeled monthly cash flow of $5 and a median cap rate of 6.4%, on a median sold price of $102,000. Prices changed -2.8% year over year.

What is the average cap rate in Savanna, IL?

The median cap rate across recently sold homes in Savanna, IL is 6.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Savanna, IL?

The median sold price in Savanna, IL is $102,000 (about $69 per square foot).

Investing in Savanna, IL Real Estate

A data-driven snapshot of the Savanna, 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.

$102,000Median sold price

$69Median $/sqft

6.4%Median cap rate

$5Modeled cash flow / mo

-2.8%Appreciation YoY

6.2Months of supply

38Active listings

73Sold (last 12 mo)

What the Savanna numbers say

In Savanna, IL, the median home sold for $102,000 (about $69 per square foot), and the typical deal models out to a 6.4% cap rate with a median $5 of monthly cash flow. Sold prices moved -2.8% over the past year. Inventory sits at about 6.2 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 Savanna cash-flowing listings

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