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
5.3%
Avg Cash on Cash
-6.8%
Median Cashflow
-$191/mo
Avg Rent Estimate
$1,965/mo
Avg Price
$244,376
Price Range
$89,800 - $475,000
Rent to Price
0.8%
okay ratio
Positive Cashflow
30%
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 5.3% cap rate combined with -6.8% 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 -$191 with average rents of $1,965/month. Properties range from $89,800 to $475,000, offering entry points across multiple investment budgets.
Springfield, IL Rental Market Insights
- •Median cashflow is -$191/month — careful deal selection is essential here
- •5.3% median cap rate reflects a balanced risk-return profile
- •At 30% positive cashflow rate, Springfield, IL requires selective property picks
- •Moderately priced market with properties from $89,800 to $475,000