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
4.1%
Avg Cash on Cash
-7.5%
Median Cashflow
-$499/mo
Avg Rent Estimate
$2,779/mo
Avg Price
$291,861
Price Range
$89,800 - $675,000
Rent to Price
0.95%
okay ratio
Positive Cashflow
29%
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 4.1%, the mid-to-upper tier property prices reflect strong underlying demand. STR investors here typically benefit from appreciation alongside rental income.
Across 20+ analyzed properties, Springfield, IL STR investments show a median monthly cashflow of -$499 with an average estimated nightly-rate-adjusted revenue of $2,779/month. These figures reflect real property data, not projections.
Springfield, IL Airbnb Market Insights
- •Median cashflow is -$499/month — careful deal selection is essential here
- •4.1% median cap rate is typical of appreciation-focused markets
- •At 29% positive cashflow rate, Springfield, IL requires selective property picks
- •Mid-to-upper tier market with properties from $89,800 to $675,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs