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 40+ datapoints.
Springfield, IL Long-Term Rental Investment Snapshot
Based on 40+ long-term rental datapoints
Median Cap Rate
4.8%
Avg Cash on Cash
-6.3%
Median Cashflow
-$236/mo
Avg Rent Estimate
$1,948/mo
Avg Price
$250,638
Price Range
$89,800 - $509,900
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 is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.8%, typical of moderately priced markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 40+ analyzed properties, the median monthly cashflow in Springfield, IL is -$236 with average rents of $1,948/month. Properties range from $89,800 to $509,900, offering entry points across multiple investment budgets.
Springfield, IL Rental Market Insights
- •Median cashflow is -$236/month — careful deal selection is essential here
- •4.8% median cap rate is typical of appreciation-focused markets
- •At 32% positive cashflow rate, Springfield, IL requires selective property picks
- •Moderately priced market with properties from $89,800 to $509,900
- •Consider this market if your strategy favors equity growth with rental income covering holding costs