Springfield Investment Analysis

Investment Property in Springfield, IL

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Springfield, IL Real Estate Investment Performance

PROPERTY SALE PRICE

$ 250,000

Median

2,100

Avg/Sq.ft.
CASH ON CASH RETURN

7.00%

Traditional

1.00%

Airbnb
NUMBER OF PROPERTIES

837

Investment

1,375

Airbnb

25

Traditional

29%

Airbnb occupancy rate

Springfield, IL Properties Rental Prices

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Investment Properties for Sale in Springfield, IL

Investment Properties for Sale
$160,000
MLS CA1042994
Near South
Single Family Residential
4 beds 2 baths 1,319 sq.ft.
CAP RATE Trad. 10.28% Airbnb 9.63%
Investment Properties for Sale
$159,700
MLS CA1041647
Near South
Single Family Residential
4 beds 2 baths 1,912 sq.ft.
CAP RATE Trad. 12.02% Airbnb 8.97%
Investment Properties for Sale
$109,900
MLS CA1042896
Pillsbury
Single Family Residential
3 beds 1 baths 1,023 sq.ft.
CAP RATE Trad. 10.15% Airbnb 7.49%
Investment Properties for Sale
$85,000
MLS CA1041495
Pillsbury
Single Family Residential
2 beds 1 baths 905 sq.ft.
CAP RATE Trad. 10.04% Airbnb 7.02%
Investment Properties for Sale
$97,900
MLS CA1042919
Oak Ridge
Single Family Residential
3 beds 1 baths 840 sq.ft.
CAP RATE Trad. 10.78% Airbnb 6.57%
Investment Properties for Sale
$104,900
MLS CA1042499
Oak Ridge
Single Family Residential
3 beds 1 baths 1,042 sq.ft.
CAP RATE Trad. 11.50% Airbnb 6.51%
Investment Properties for Sale
$114,900
MLS CA1042754
Indian Hills
Single Family Residential
3 beds 1 baths 1,184 sq.ft.
CAP RATE Trad. 10.60% Airbnb 6.45%
Investment Properties for Sale
$79,900
MLS CA1042580
Lincoln Park
Single Family Residential
2 beds 1 baths 875 sq.ft.
CAP RATE Trad. 11.93% Airbnb 6.10%

Single Family Houses for Sale in Springfield, IL

Investment Properties for Sale
$160,000
MLS CA1042994
Near South
Single Family Residential
4 beds 2 baths 1,319 sq.ft.
CAP RATE Trad. 10.28% Airbnb 9.63%
Investment Properties for Sale
$159,700
MLS CA1041647
Near South
Single Family Residential
4 beds 2 baths 1,912 sq.ft.
CAP RATE Trad. 12.02% Airbnb 8.97%
Investment Properties for Sale
$109,900
MLS CA1042896
Pillsbury
Single Family Residential
3 beds 1 baths 1,023 sq.ft.
CAP RATE Trad. 10.15% Airbnb 7.49%
Investment Properties for Sale
$85,000
MLS CA1041495
Pillsbury
Single Family Residential
2 beds 1 baths 905 sq.ft.
CAP RATE Trad. 10.04% Airbnb 7.02%
Investment Properties for Sale
$97,900
MLS CA1042919
Oak Ridge
Single Family Residential
3 beds 1 baths 840 sq.ft.
CAP RATE Trad. 10.78% Airbnb 6.57%
Investment Properties for Sale
$104,900
MLS CA1042499
Oak Ridge
Single Family Residential
3 beds 1 baths 1,042 sq.ft.
CAP RATE Trad. 11.50% Airbnb 6.51%
Investment Properties for Sale
$114,900
MLS CA1042754
Indian Hills
Single Family Residential
3 beds 1 baths 1,184 sq.ft.
CAP RATE Trad. 10.60% Airbnb 6.45%
Investment Properties for Sale
$79,900
MLS CA1042580
Lincoln Park
Single Family Residential
2 beds 1 baths 875 sq.ft.
CAP RATE Trad. 11.93% Airbnb 6.10%

Condos for Sale in Springfield, IL

Investment Properties for Sale
$75,000
MLS CA1043175
Jefferson Park
Condo/Coop
2 beds 2 baths 988 sq.ft.
CAP RATE Trad. 10.49% Airbnb 5.08%
Investment Properties for Sale
$149,900
MLS CA1042526
Jefferson Park
Condo/Coop
3 beds 3 baths 1,462 sq.ft.
CAP RATE Trad. 10.39% Airbnb 3.55%
Investment Properties for Sale
$104,300
MLS CA1043172
Historic West Side
Condo/Coop
2 beds 1 baths 1,177 sq.ft.
CAP RATE Trad. 10.31% Airbnb 2.83%
Investment Properties for Sale
$269,900
MLS CA1043178
Twin Lakes
Condo/Coop
2 beds 2 baths 1,750 sq.ft.
CAP RATE Trad. 5.76% Airbnb 0.73%

Top Springfield, IL Neighborhoods - Real Estate Market Analysis

Oak Ridge
PROPERTY PRICE

$129,900

Median for city
CAP RATE

12.48%

Traditional

12.43%

Airbnb
RENTAL INCOME

$ 1,015

Traditional

$ 1,504

Airbnb

49%

Airbnb occupancy rate
Enos Park
PROPERTY PRICE

$129,900

Median for city
CAP RATE

11.17%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 965

Traditional

$ 1,650

Airbnb

49%

Airbnb occupancy rate
Mather and Wells
PROPERTY PRICE

$129,900

Median for city
CAP RATE

8.45%

Traditional

12.03%

Airbnb
RENTAL INCOME

$ 838

Traditional

$ 1,579

Airbnb

49%

Airbnb occupancy rate
Pillsbury
PROPERTY PRICE

$129,900

Median for city
CAP RATE

7.71%

Traditional

10.73%

Airbnb
RENTAL INCOME

$ 1,152

Traditional

$ 1,631

Airbnb

47%

Airbnb occupancy rate
Near South
PROPERTY PRICE

$129,900

Median for city
CAP RATE

10.29%

Traditional

10.09%

Airbnb
RENTAL INCOME

$ 1,109

Traditional

$ 1,508

Airbnb

52%

Airbnb occupancy rate
Vinegar Hill
PROPERTY PRICE

$129,900

Median for city
CAP RATE

5.97%

Traditional

4.77%

Airbnb
RENTAL INCOME

$ 981

Traditional

$ 1,465

Airbnb

51%

Airbnb occupancy rate
Lincoln Park
PROPERTY PRICE

$129,900

Median for city
CAP RATE

7.52%

Traditional

10.52%

Airbnb
RENTAL INCOME

$ 931

Traditional

$ 1,870

Airbnb

52%

Airbnb occupancy rate
Pioneer Park
PROPERTY PRICE

$129,900

Median for city
CAP RATE

8.60%

Traditional

9.38%

Airbnb
RENTAL INCOME

$ 989

Traditional

$ 1,476

Airbnb

48%

Airbnb occupancy rate
Old Aristocracy Hill
PROPERTY PRICE

$129,900

Median for city
CAP RATE

8.12%

Traditional

5.55%

Airbnb
RENTAL INCOME

$ 967

Traditional

$ 1,580

Airbnb

51%

Airbnb occupancy rate
Historic West Side
PROPERTY PRICE

$129,900

Median for city
CAP RATE

4.12%

Traditional

6.19%

Airbnb
RENTAL INCOME

$ 967

Traditional

$ 1,631

Airbnb

53%

Airbnb occupancy rate

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Short Term Rentals For Sale

Airbnb Vacation Rentals in Springfield, IL

The Purple Awning House at Lincoln Park
$94 per night Airbnb occupancy rate 40%
Apartment 2 · 1 · 6
Rental Income: $1,136 per month
4.93
763
Tiny Home Cabin - No Cleaning Fee
$69 per night Airbnb occupancy rate 75%
Tiny house 2 · 1 · 4
Rental Income: $1,576 per month
4.98
586
The Big Green House by the Capitol
$165 per night Airbnb occupancy rate 31%
House 3 · 2 · 8
Rental Income: $1,554 per month
4.95
569
HomeAway.
$114 per night Airbnb occupancy rate 34%
House 3 · 2 · 5
Rental Income: $1,188 per month
4.88
475
Historic Craftsman Style Boutique House
$166 per night Airbnb occupancy rate 48%
House 3 · 1.5 · 9
Rental Income: $2,449 per month
4.92
472
From home to home by Jeffrey
$122 per night Airbnb occupancy rate 25%
House 3 · 2 · 9
Rental Income: $935 per month
4.9
402
Cozy Quiet 2BR/1BA Bungalow | Central Location
$101 per night Airbnb occupancy rate 25%
House 2 · 1 · 4
Rental Income: $783 per month
4.94
390
Full studio apartment by the best Springfield park
$79 per night Airbnb occupancy rate 64%
Apartment null · 1 · 3
Rental Income: $1,541 per month
4.94
373

Real Estate Investment Analysis - Other Cities in illinois

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Rockford $182,750 8% 1% $1,714 $1,357 476 20%
View all illinois cities
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