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 30+ datapoints.
Springfield, IL Long-Term Rental Investment Snapshot
Based on 30+ long-term rental datapoints
Median Cap Rate
4.3%
Avg Cash on Cash
-9.1%
Median Cashflow
-$319/mo
Avg Rent Estimate
$1,919/mo
Avg Price
$251,572
Price Range
$89,800 - $475,000
Rent to Price
0.76%
okay ratio
Positive Cashflow
26%
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 30+ analyzed datapoints. A median 4.3% cap rate combined with -9.1% average cash-on-cash returns make this a solid market for investors seeking a mix of cashflow and stability at a moderately priced price point.
Based on 30+ analyzed properties, the median monthly cashflow in Springfield, IL is -$319 with average rents of $1,919/month. Properties range from $89,800 to $475,000, offering entry points across multiple investment budgets.
Springfield, IL Rental Market Insights
- •Median cashflow is -$319/month — careful deal selection is essential here
- •4.3% median cap rate is typical of appreciation-focused markets
- •At 26% positive cashflow rate, Springfield, IL requires selective property picks
- •Moderately priced market with properties from $89,800 to $475,000