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

Sullivan, IL has a median modeled monthly cash flow of $10 and a median cap rate of 6.4%, on a median sold price of $149,500. Prices changed +17.2% year over year.

What is the average cap rate in Sullivan, IL?

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

What is the median home price in Sullivan, IL?

The median sold price in Sullivan, IL is $149,500 (about $116 per square foot).

Investing in Sullivan, IL Real Estate

A data-driven snapshot of the Sullivan, 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.

$149,500Median sold price

$116Median $/sqft

6.4%Median cap rate

$10Modeled cash flow / mo

+17.2%Appreciation YoY

4.9Months of supply

30Active listings

74Sold (last 12 mo)

What the Sullivan numbers say

In Sullivan, IL, the median home sold for $149,500 (about $116 per square foot), and the typical deal models out to a 6.4% cap rate with a median $10 of monthly cash flow. Sold prices moved +17.2% 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 Sullivan cash-flowing listings

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