Springfield, IL Short-Term Rental / Airbnb Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for short-term rental / airbnb investments in Springfield, IL. Based on 20+ datapoints.
Springfield, IL Short-Term Rental / Airbnb Investment Snapshot
Based on 20+ short-term rental / airbnb datapoints
Median Cap Rate
5.1%
Avg Cash on Cash
-6%
Median Cashflow
-$243/mo
Avg Rent Estimate
$2,668/mo
Avg Price
$249,470
Price Range
$89,800 - $426,900
Rent to Price
1.07%
strong ratio
Positive Cashflow
26%
of analyzed properties
Recent real estate investor listings analysed as short-term rental / airbnb deals in Springfield, IL
Springfield, IL is an emerging short-term rental market with growing investor interest. With 20+ datapoints analyzed so far, early metrics suggest opportunity for Airbnb investors willing to enter before the market matures. Current average cash-on-cash returns sit at -6%.
Across 20+ analyzed properties, Springfield, IL STR investments show a median monthly cashflow of -$243 with an average estimated nightly-rate-adjusted revenue of $2,668/month. These figures reflect real property data, not projections.
Springfield, IL Airbnb Market Insights
- •Median cashflow is -$243/month — careful deal selection is essential here
- •5.1% median cap rate reflects a balanced risk-return profile
- •At 26% positive cashflow rate, Springfield, IL requires selective property picks
- •Moderately priced market with properties from $89,800 to $426,900
- •Early-stage market data — revisit as more properties are analyzed for stronger signals