Springfield Investment Analysis
Investment Property in Springfield, IL
Springfield, IL Real Estate Investment Performance
$ 177,900
Median
2,117
Avg/Sq.ft.
9.00%
Traditional
3.00%
Airbnb
291
Investment
1,426
Airbnb
25
Traditional
38%
Airbnb occupancy rate
Springfield, IL Properties Rental Prices
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Investment Properties for Sale in Springfield, IL
$98,000
MLS CA1040323
Single Family Residential
CAP RATE
Trad.
11.93%
Airbnb
9.76%
$125,000
MLS CA1039016
Single Family Residential
CAP RATE
Trad.
11.20%
Airbnb
7.87%
$114,900
MLS CA1040104
Single Family Residential
CAP RATE
Trad.
11.93%
Airbnb
7.55%
$89,900
MLS CA1040349
Single Family Residential
CAP RATE
Trad.
12.42%
Airbnb
7.42%
$119,900
MLS CA1040426
Single Family Residential
CAP RATE
Trad.
10.60%
Airbnb
7.02%
$89,900
MLS CA1040050
Single Family Residential
CAP RATE
Trad.
11.35%
Airbnb
6.99%
$124,900
MLS CA1038312
Single Family Residential
CAP RATE
Trad.
10.02%
Airbnb
6.86%
$124,900
MLS CA1039115
Single Family Residential
CAP RATE
Trad.
10.13%
Airbnb
6.69%
Single Family Houses for Sale in Springfield, IL
$98,000
MLS CA1040323
Single Family Residential
CAP RATE
Trad.
11.93%
Airbnb
9.76%
$125,000
MLS CA1039016
Single Family Residential
CAP RATE
Trad.
11.20%
Airbnb
7.87%
$114,900
MLS CA1040104
Single Family Residential
CAP RATE
Trad.
11.93%
Airbnb
7.55%
$89,900
MLS CA1040349
Single Family Residential
CAP RATE
Trad.
12.42%
Airbnb
7.42%
$119,900
MLS CA1040426
Single Family Residential
CAP RATE
Trad.
10.60%
Airbnb
7.02%
$89,900
MLS CA1040050
Single Family Residential
CAP RATE
Trad.
11.35%
Airbnb
6.99%
$124,900
MLS CA1038312
Single Family Residential
CAP RATE
Trad.
10.02%
Airbnb
6.86%
$124,900
MLS CA1039115
Single Family Residential
CAP RATE
Trad.
10.13%
Airbnb
6.69%
Condos for Sale in Springfield, IL
$274,900
MLS CA1039349
Condo/Coop
CAP RATE
Trad.
4.47%
Airbnb
1.88%
$167,500
MLS CA1040890
Condo/Coop
CAP RATE
Trad.
8.23%
Airbnb
1.72%
$177,500
MLS CA1040750
Condo/Coop
CAP RATE
Trad.
9.79%
Airbnb
1.56%
$329,900
MLS CA1036741
Condo/Coop
CAP RATE
Trad.
4.17%
Airbnb
0.72%
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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Short Term Rentals For SaleAirbnb Vacation Rentals in Springfield, IL
$90 per night
Airbnb occupancy rate 59%
Apartment 2 · 1 · 6
Rental Income: $1,613 per month
735
$160 per night
Airbnb occupancy rate 39%
House 3 · 2 · 8
Rental Income: $1,893 per month
546
$68 per night
Airbnb occupancy rate 77%
Tiny house 2 · 1 · 4
Rental Income: $1,587 per month
524
$106 per night
Airbnb occupancy rate 69%
House 3 · 2 · 5
Rental Income: $2,217 per month
463
$163 per night
Airbnb occupancy rate 40%
House 3 · 1.5 · 9
Rental Income: $1,970 per month
462
$113 per night
Airbnb occupancy rate 39%
House 3 · 2 · 9
Rental Income: $1,328 per month
398
$100 per night
Airbnb occupancy rate 55%
House 2 · 1 · 4
Rental Income: $1,683 per month
379
$109 per night
Airbnb occupancy rate 53%
Entire townhouse 2 · 2 · 4
Rental Income: $1,753 per month
367
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 | $209,000 | 9% | 3% | $1,805 | $1,372 | 271 | 32% |
| Park Forest | $160,000 | 6% | 3% | $1,990 | $2,177 | 98 | 23% |
| URBANA | $243,900 | 6% | 1% | $2,202 | $1,580 | 94 | 27% |
| Palatine | $339,000 | 4% | 1% | $2,447 | $2,014 | 61 | 22% |
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