Sheridan, IL — Rental Investment Analysis

🟡MODERATEaverage returns

Cap Rate

5.6%

Below average

Monthly Cash Flow

-$191

After all expenses

Price-to-Rent

11.4

Investor-friendly

DSCR

0.87

Fails

📊 Key Metrics

Median Home Price
$289,300
Average Rent (3BR)
$2,145/mo
Price-to-Rent Ratio
11.4(good)
1% Rule
0.74%(fails — need 1%+)
Cash-on-Cash Return
-3.6%
Vacancy Rate
8.0%

📈 Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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🏘️ Best Zip Codes in Sheridan for Investors

60551
Cap Rate: 6.3%Cash Flow: -$17/mo$300,607
60537
Cap Rate: 4.8%Cash Flow: -$365/mo$277,994

All Zip Codes in Sheridan

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
605516.3%-$17$300,607$2,450/mo0.99
605374.8%-$365$277,994$1,840/mo0.75