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

Sullivan, IL has a median modeled monthly cash flow of $-55 and a median cap rate of 5.9%, on a median sold price of $152,500. Prices changed +17.7% year over year.

What is the average cap rate in Sullivan, IL?

The median cap rate across recently sold homes in Sullivan, IL is 5.9%, 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 $152,500 (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.

$152,500Median sold price

$116Median $/sqft

5.9%Median cap rate

$-55Modeled cash flow / mo

+17.7%Appreciation YoY

5.6Months of supply

39Active listings

83Sold (last 12 mo)

What the Sullivan numbers say

In Sullivan, IL, the median home sold for $152,500 (about $116 per square foot), and the typical deal models out to a 5.9% cap rate with a median $-55 of monthly cash flow. Sold prices moved +17.7% over the past year. Inventory sits at about 5.6 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.