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REI Lense

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.

5339 Old Salem Ln, Springfield, IL 62711

Price

$402,900

Rent

$3,514

CachFlow

-$52

CoC

-0.61

Full Analysis

1816 Hunter Ridge Dr, Springfield, IL 62704

Price

$294,500

Rent

$4,414

CachFlow

$766

CoC

11.51

Full Analysis

10 Leeds Dr, Springfield, IL 62702

Price

$168,000

Rent

$2,103

CachFlow

$101

CoC

2.27

Full Analysis

1617 Dial Ct, Springfield, IL 62704

Price

$229,800

Rent

$2,410

CachFlow

-$140

CoC

-2.54

Full Analysis

5253 Carlton Dr, Springfield, IL 62703

Price

$180,200

Rent

$2,386

CachFlow

$263

CoC

5.65

Full Analysis
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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

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