Springfield, IL Mid-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for mid-term rental investments in Springfield, IL. Based on 50+ datapoints.
Springfield, IL Mid-Term Rental Investment Snapshot
Based on 50+ mid-term rental datapoints
Median Cap Rate
8.4%
Avg Cash on Cash
5.7%
Median Cashflow
$262/mo
Avg Rent Estimate
$3,065/mo
Avg Price
$241,421
Price Range
$74,900 - $452,200
Rent to Price
1.27%
strong ratio
Positive Cashflow
73%
of analyzed properties
Recent real estate investor listings analysed as mid-term rental deals in Springfield, IL
Springfield, IL delivers consistent cashflow for mid-term rental investors. 73% of analyzed properties generate positive monthly cashflow, with a median of $262/month. Demand from traveling nurses, corporate housing programs, and insurance-displacement tenants supports steady occupancy at premium furnished rates.
Across 50+ analyzed properties, Springfield, IL mid-term rental investments show a median monthly cashflow of $262 with average furnished rent estimates of $3,065/month. These figures reflect real property data, not projections.
Springfield, IL Mid-Term Rental Market Insights
- •Positive median cashflow of $262/month indicates most investors cover expenses
- •8.4% median cap rate places Springfield, IL among higher-yielding markets nationwide
- •73% of analyzed properties cash-flow positive — high probability of finding a deal
- •Moderately priced market with properties from $74,900 to $452,200
- •Ideal for investors building a portfolio of income-producing properties