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
6%
Avg Cash on Cash
-4.2%
Median Cashflow
-$162/mo
Avg Rent Estimate
$1,952/mo
Avg Price
$224,045
Price Range
$74,900 - $425,900
Rent to Price
0.87%
okay ratio
Positive Cashflow
33%
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 6% cap rate combined with -4.2% 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 -$162 with average rents of $1,952/month. Properties range from $74,900 to $425,900, offering entry points across multiple investment budgets.
9 Cottage Grove Ln, Springfield, IL 62712
Price
$637,700
Rent
$2,224
CachFlow
-$2,917
CoC
-26.14
Springfield, IL Rental Market Insights
- •Median cashflow is -$162/month — careful deal selection is essential here
- •6% median cap rate reflects a balanced risk-return profile
- •At 33% positive cashflow rate, Springfield, IL requires selective property picks
- •Moderately priced market with properties from $74,900 to $425,900