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
5.7%
Avg Cash on Cash
-4.4%
Median Cashflow
-$146/mo
Avg Rent Estimate
$2,059/mo
Avg Price
$244,383
Price Range
$89,800 - $452,200
Rent to Price
0.84%
okay ratio
Positive Cashflow
38%
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 5.7% cap rate combined with -4.4% 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 50+ analyzed properties, the median monthly cashflow in Springfield, IL is -$146 with average rents of $2,059/month. Properties range from $89,800 to $452,200, 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 -$146/month — careful deal selection is essential here
- •5.7% median cap rate reflects a balanced risk-return profile
- •At 38% positive cashflow rate, Springfield, IL requires selective property picks
- •Moderately priced market with properties from $89,800 to $452,200