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 10+ datapoints.
Springfield, IL Short-Term Rental / Airbnb Investment Snapshot
Based on 10+ short-term rental / airbnb datapoints
Median Cap Rate
4.8%
Avg Cash on Cash
-9.1%
Median Cashflow
-$454/mo
Avg Rent Estimate
$2,582/mo
Avg Price
$273,660
Price Range
$180,200 - $426,900
Rent to Price
0.94%
okay ratio
Positive Cashflow
10%
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 10+ 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 -9.1%.
Across 10+ analyzed properties, Springfield, IL STR investments show a median monthly cashflow of -$454 with an average estimated nightly-rate-adjusted revenue of $2,582/month. These figures reflect real property data, not projections.
2840 E Lake Shore Dr, Springfield, IL 62712
Price
$335,000
Rent
$2,104
CachFlow
-$1,407
CoC
-19.11
Springfield, IL Airbnb Market Insights
- •Median cashflow is -$454/month — careful deal selection is essential here
- •4.8% median cap rate is typical of appreciation-focused markets
- •At 10% positive cashflow rate, Springfield, IL requires selective property picks
- •Mid-to-upper tier market with properties from $180,200 to $426,900
- •Early-stage market data — revisit as more properties are analyzed for stronger signals