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
3.2%
Avg Cash on Cash
-12.6%
Median Cashflow
-$532/mo
Avg Rent Estimate
$2,804/mo
Avg Price
$420,171
Price Range
$103,600 - $964,100
Rent to Price
0.67%
low ratio
Positive Cashflow
23%
of analyzed properties
Recent real estate investor listings analysed as short-term rental / airbnb deals in Springfield, IL
Springfield, IL is a premium short-term rental market where property values drive long-term wealth. While cap rates are modest at 3.2%, the premium property prices reflect strong underlying demand. STR investors here typically benefit from appreciation alongside rental income.
Across 10+ analyzed properties, Springfield, IL STR investments show a median monthly cashflow of -$532 with an average estimated nightly-rate-adjusted revenue of $2,804/month. These figures reflect real property data, not projections.
3904 Peach Tree Dr, Springfield, IL 62711
Price
$379,500
Rent
$2,719
CachFlow
-$1,277
CoC
-15.69
1401 E Lake Shore Dr, Springfield, IL 62712
Price
$590,500
Rent
$2,062
CachFlow
-$2,981
CoC
-25.19
Springfield, IL Airbnb Market Insights
- •Median cashflow is -$532/month — careful deal selection is essential here
- •3.2% median cap rate is typical of appreciation-focused markets
- •At 23% positive cashflow rate, Springfield, IL requires selective property picks
- •Premium market with properties from $103,600 to $964,100
- •Consider this market if your strategy favors equity growth with rental income covering holding costs