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 15+ datapoints.
Springfield, IL Long-Term Rental Investment Snapshot
Based on 15+ long-term rental datapoints
Median Cap Rate
4.2%
Avg Cash on Cash
-12.3%
Median Cashflow
-$484/mo
Avg Rent Estimate
$1,909/mo
Avg Price
$352,700
Price Range
$103,600 - $729,000
Rent to Price
0.54%
low ratio
Positive Cashflow
6%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Springfield, IL
Springfield, IL is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.2%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 15+ analyzed properties, the median monthly cashflow in Springfield, IL is -$484 with average rents of $1,909/month. Properties range from $103,600 to $729,000, offering entry points across multiple investment budgets.
Springfield, IL Rental Market Insights
- •Median cashflow is -$484/month — careful deal selection is essential here
- •4.2% median cap rate is typical of appreciation-focused markets
- •At 6% positive cashflow rate, Springfield, IL requires selective property picks
- •Mid-to-upper tier market with properties from $103,600 to $729,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs