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
8.2%
Avg Cash on Cash
4.5%
Median Cashflow
$334/mo
Avg Rent Estimate
$3,003/mo
Avg Price
$246,851
Price Range
$89,800 - $475,000
Rent to Price
1.22%
strong ratio
Positive Cashflow
78%
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. 78% of analyzed properties generate positive monthly cashflow, with a median of $334/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 $334 with average furnished rent estimates of $3,003/month. These figures reflect real property data, not projections.
Springfield, IL Mid-Term Rental Market Insights
- •Positive median cashflow of $334/month indicates most investors cover expenses
- •8.2% median cap rate places Springfield, IL among higher-yielding markets nationwide
- •78% of analyzed properties cash-flow positive — high probability of finding a deal
- •Moderately priced market with properties from $89,800 to $475,000
- •Ideal for investors building a portfolio of income-producing properties