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

Seneca, IL has a median modeled monthly cash flow of $-515 and a median cap rate of 4.0%, on a median sold price of $226,250. Prices changed -16.3% year over year.

What is the average cap rate in Seneca, IL?

The median cap rate across recently sold homes in Seneca, IL is 4.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Seneca, IL?

The median sold price in Seneca, IL is $226,250 (about $136 per square foot).

Investing in Seneca, IL Real Estate

A data-driven snapshot of the Seneca, 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.

$226,250Median sold price

$136Median $/sqft

4.0%Median cap rate

$-515Modeled cash flow / mo

-16.3%Appreciation YoY

2.5Months of supply

10Active listings

48Sold (last 12 mo)

What the Seneca numbers say

In Seneca, IL, the median home sold for $226,250 (about $136 per square foot), and the typical deal models out to a 4.0% cap rate with a median $-515 of monthly cash flow. Sold prices moved -16.3% over the past year. Inventory sits at about 2.5 months of supply — a tight, seller-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 Seneca cash-flowing listings

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