Springfield Investment Analysis
Investment Property in Springfield, IL
Springfield, IL Real Estate Investment Performance
$ 179,200
Median
2,136
Avg/Sq.ft.
8.00%
Traditional
5.00%
Airbnb
320
Investment
1,772
Airbnb
28
Traditional
43%
Airbnb occupancy rate
Springfield, IL Properties Rental Prices
Predict Short-Term Rental Revenue
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Investment Properties for Sale in Springfield, IL
$150,000
MLS CA1038993
Single Family Residential
CAP RATE
Trad.
7.99%
Airbnb
10.27%
$74,900
MLS CA1038276
Single Family Residential
CAP RATE
Trad.
10.90%
Airbnb
10.49%
$94,900
MLS CA1039229
Single Family Residential
CAP RATE
Trad.
12.05%
Airbnb
9.73%
$129,900
MLS CA1036145
Multi Family
CAP RATE
Trad.
11.39%
Airbnb
9.21%
$169,900
MLS CA1038953
Single Family Residential
CAP RATE
Trad.
12.29%
Airbnb
9.03%
$94,000
MLS CA1039310
Single Family Residential
CAP RATE
Trad.
10.97%
Airbnb
9.13%
$177,000
MLS CA1038946
Single Family Residential
CAP RATE
Trad.
11.71%
Airbnb
8.85%
$150,000
MLS 25063234
Single Family Residential
CAP RATE
Trad.
10.75%
Airbnb
8.85%
Single Family Houses for Sale in Springfield, IL
$150,000
MLS CA1038993
Single Family Residential
CAP RATE
Trad.
7.99%
Airbnb
10.27%
$74,900
MLS CA1038276
Single Family Residential
CAP RATE
Trad.
10.90%
Airbnb
10.49%
$94,900
MLS CA1039229
Single Family Residential
CAP RATE
Trad.
12.05%
Airbnb
9.73%
$169,900
MLS CA1038953
Single Family Residential
CAP RATE
Trad.
12.29%
Airbnb
9.03%
$94,000
MLS CA1039310
Single Family Residential
CAP RATE
Trad.
10.97%
Airbnb
9.13%
$177,000
MLS CA1038946
Single Family Residential
CAP RATE
Trad.
11.71%
Airbnb
8.85%
$150,000
MLS 25063234
Single Family Residential
CAP RATE
Trad.
10.75%
Airbnb
8.85%
$99,900
MLS CA1039288
Single Family Residential
CAP RATE
Trad.
11.03%
Airbnb
8.90%
Condos for Sale in Springfield, IL
$149,900
MLS CA1037178
Condo/Coop
CAP RATE
Trad.
11.60%
Airbnb
7.42%
$135,000
MLS CA1039078
Condo/Coop
CAP RATE
Trad.
10.24%
Airbnb
5.81%
$124,900
MLS CA1038914
Condo/Coop
CAP RATE
Trad.
12.03%
Airbnb
4.90%
$274,900
MLS CA1039349
Condo/Coop
CAP RATE
Trad.
4.47%
Airbnb
2.64%
Top Springfield, IL Neighborhoods - Real Estate Market Analysis
Oak Ridge
$129,900
Median for city
12.48%
Traditional
12.43%
Airbnb
$ 1,015
Traditional
$ 1,504
Airbnb
49%
Airbnb occupancy rate
Enos Park
$129,900
Median for city
11.17%
Traditional
N/A
Airbnb
$ 965
Traditional
$ 1,650
Airbnb
49%
Airbnb occupancy rate
Mather and Wells
$129,900
Median for city
8.45%
Traditional
12.03%
Airbnb
$ 838
Traditional
$ 1,579
Airbnb
49%
Airbnb occupancy rate
Pillsbury
$129,900
Median for city
7.71%
Traditional
10.73%
Airbnb
$ 1,152
Traditional
$ 1,631
Airbnb
47%
Airbnb occupancy rate
Near South
$129,900
Median for city
10.29%
Traditional
10.09%
Airbnb
$ 1,109
Traditional
$ 1,508
Airbnb
52%
Airbnb occupancy rate
Vinegar Hill
$129,900
Median for city
5.97%
Traditional
4.77%
Airbnb
$ 981
Traditional
$ 1,465
Airbnb
51%
Airbnb occupancy rate
Lincoln Park
$129,900
Median for city
7.52%
Traditional
10.52%
Airbnb
$ 931
Traditional
$ 1,870
Airbnb
52%
Airbnb occupancy rate
Pioneer Park
$129,900
Median for city
8.60%
Traditional
9.38%
Airbnb
$ 989
Traditional
$ 1,476
Airbnb
48%
Airbnb occupancy rate
Old Aristocracy Hill
$129,900
Median for city
8.12%
Traditional
5.55%
Airbnb
$ 967
Traditional
$ 1,580
Airbnb
51%
Airbnb occupancy rate
Historic West Side
$129,900
Median for city
4.12%
Traditional
6.19%
Airbnb
$ 967
Traditional
$ 1,631
Airbnb
53%
Airbnb occupancy rate
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Best Short Term Rental Markets
Find great vacation rentals for sale in the top performing markets
Short Term Rentals For SaleAirbnb Vacation Rentals in Springfield, IL
$113 per night
Airbnb occupancy rate 70%
Apartment 2 · 1 · 6
Rental Income: $2,401 per month
717
$191 per night
Airbnb occupancy rate 46%
House 3 · 2 · 8
Rental Income: $2,658 per month
530
$74 per night
Airbnb occupancy rate 84%
Tiny house 2 · 1 · 4
Rental Income: $1,881 per month
483
$183 per night
Airbnb occupancy rate 49%
House 3 · 1.5 · 9
Rental Income: $2,730 per month
450
$134 per night
Airbnb occupancy rate 65%
House 3 · 2 · 5
Rental Income: $2,658 per month
443
$125 per night
Airbnb occupancy rate 47%
House 3 · 2 · 9
Rental Income: $1,781 per month
391
$125 per night
Airbnb occupancy rate 76%
House 2 · 1 · 4
Rental Income: $2,906 per month
357
$132 per night
Airbnb occupancy rate 61%
Entire townhouse 2 · 2 · 4
Rental Income: $2,453 per month
347
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 | |||
| Elgin | $350,000 | 5% | 1% | $2,557 | $1,900 | 179 | 26% |
| Oak Lawn | $279,999 | 5% | 1% | $2,297 | $1,435 | 113 | 27% |
| Schaumburg | $359,900 | 4% | 1% | $2,470 | $1,812 | 101 | 28% |
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