Springfield, IL Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Springfield, IL. Based on 50+ datapoints.
Springfield, IL Long-Term Rental Investment Snapshot
Based on 50+ long-term rental datapoints
Median Cap Rate
5.5%
Avg Cash on Cash
-6.4%
Median Cashflow
-$178/mo
Avg Rent Estimate
$2,025/mo
Avg Price
$258,742
Price Range
$89,800 - $519,900
Rent to Price
0.78%
okay ratio
Positive Cashflow
32%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Springfield, IL
Springfield, IL presents a balanced long-term rental investment profile across 50+ analyzed datapoints. A median 5.5% cap rate combined with -6.4% average cash-on-cash returns make this a solid market for investors seeking a mix of cashflow and stability at a mid-to-upper tier price point.
Based on 50+ analyzed properties, the median monthly cashflow in Springfield, IL is -$178 with average rents of $2,025/month. Properties range from $89,800 to $519,900, offering entry points across multiple investment budgets.
3957 Waterstone Way, Springfield, IL 62711
Price
$452,200
Rent
$3,034
CachFlow
-$1,443
CoC
-18.23
Springfield, IL Rental Market Insights
- •Median cashflow is -$178/month — careful deal selection is essential here
- •5.5% median cap rate reflects a balanced risk-return profile
- •At 32% positive cashflow rate, Springfield, IL requires selective property picks
- •Mid-to-upper tier market with properties from $89,800 to $519,900