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
8.7%
Avg Cash on Cash
5.7%
Median Cashflow
$271/mo
Avg Rent Estimate
$2,884/mo
Avg Price
$229,256
Price Range
$74,900 - $425,900
Rent to Price
1.26%
strong ratio
Positive Cashflow
80%
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. 80% of analyzed properties generate positive monthly cashflow, with a median of $271/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 $271 with average furnished rent estimates of $2,884/month. These figures reflect real property data, not projections.
9 Cottage Grove Ln, Springfield, IL 62712
Price
$637,700
Rent
$3,336
CachFlow
-$2,361
CoC
-18.65
Springfield, IL Mid-Term Rental Market Insights
- •Positive median cashflow of $271/month indicates most investors cover expenses
- •8.7% median cap rate places Springfield, IL among higher-yielding markets nationwide
- •80% of analyzed properties cash-flow positive — high probability of finding a deal
- •Moderately priced market with properties from $74,900 to $425,900
- •Ideal for investors building a portfolio of income-producing properties