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

Sherman, IL has a median modeled monthly cash flow of $-1,519 and a median cap rate of 1.8%, on a median sold price of $329,950. Prices changed +19.2% year over year.

What is the average cap rate in Sherman, IL?

The median cap rate across recently sold homes in Sherman, IL is 1.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Sherman, IL?

The median sold price in Sherman, IL is $329,950 (about $155 per square foot).

Investing in Sherman, IL Real Estate

A data-driven snapshot of the Sherman, 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.

$329,950Median sold price

$155Median $/sqft

1.8%Median cap rate

$-1,519Modeled cash flow / mo

+19.2%Appreciation YoY

4.9Months of supply

26Active listings

64Sold (last 12 mo)

What the Sherman numbers say

In Sherman, IL, the median home sold for $329,950 (about $155 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-1,519 of monthly cash flow. Sold prices moved +19.2% over the past year. Inventory sits at about 4.9 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 Sherman cash-flowing listings

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