Springfield Investment Analysis

Investment Property in Springfield, IL

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Springfield, IL Real Estate Investment Performance

PROPERTY SALE PRICE

$ 183,900

Median

2,110

Avg/Sq.ft.
CASH ON CASH RETURN

9.00%

Traditional

3.00%

Airbnb
NUMBER OF PROPERTIES

307

Investment

1,435

Airbnb

26

Traditional

39%

Airbnb occupancy rate

Springfield, IL Properties Rental Prices

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Investment Properties for Sale in Springfield, IL

Investment Properties for Sale
$100,000
MLS CA1040323
Oak Ridge
Single Family Residential
3 beds 1 baths 921 sq.ft.
CAP RATE Trad. 11.67% Airbnb 9.55%
Investment Properties for Sale
$125,000
MLS CA1039016
Oak Ridge
Single Family Residential
3 beds 2 baths 1,026 sq.ft.
CAP RATE Trad. 11.20% Airbnb 7.87%
Investment Properties for Sale
$114,900
MLS CA1040104
Harvard Park
Single Family Residential
3 beds 1 baths 955 sq.ft.
CAP RATE Trad. 11.93% Airbnb 7.55%
Investment Properties for Sale
$89,900
MLS CA1040349
Oak Ridge
Single Family Residential
2 beds 1 baths 960 sq.ft.
CAP RATE Trad. 12.42% Airbnb 7.42%
Investment Properties for Sale
$119,900
MLS CA1040426
Historic West Side
Single Family Residential
3 beds 1 baths 1,373 sq.ft.
CAP RATE Trad. 10.60% Airbnb 7.02%
Investment Properties for Sale
$109,000
MLS CA1039507
Near South
Single Family Residential
3 beds 1 baths 1,223 sq.ft.
CAP RATE Trad. 12.38% Airbnb 7.04%
Investment Properties for Sale
$89,900
MLS CA1040050
Lincoln Park
Single Family Residential
2 beds 1 baths 975 sq.ft.
CAP RATE Trad. 11.35% Airbnb 6.99%
Investment Properties for Sale
$124,900
MLS CA1038312
Indian Hills
Single Family Residential
3 beds 1 baths 1,370 sq.ft.
CAP RATE Trad. 10.02% Airbnb 6.86%

Single Family Houses for Sale in Springfield, IL

Investment Properties for Sale
$100,000
MLS CA1040323
Oak Ridge
Single Family Residential
3 beds 1 baths 921 sq.ft.
CAP RATE Trad. 11.67% Airbnb 9.55%
Investment Properties for Sale
$125,000
MLS CA1039016
Oak Ridge
Single Family Residential
3 beds 2 baths 1,026 sq.ft.
CAP RATE Trad. 11.20% Airbnb 7.87%
Investment Properties for Sale
$114,900
MLS CA1040104
Harvard Park
Single Family Residential
3 beds 1 baths 955 sq.ft.
CAP RATE Trad. 11.93% Airbnb 7.55%
Investment Properties for Sale
$89,900
MLS CA1040349
Oak Ridge
Single Family Residential
2 beds 1 baths 960 sq.ft.
CAP RATE Trad. 12.42% Airbnb 7.42%
Investment Properties for Sale
$119,900
MLS CA1040426
Historic West Side
Single Family Residential
3 beds 1 baths 1,373 sq.ft.
CAP RATE Trad. 10.60% Airbnb 7.02%
Investment Properties for Sale
$109,000
MLS CA1039507
Near South
Single Family Residential
3 beds 1 baths 1,223 sq.ft.
CAP RATE Trad. 12.38% Airbnb 7.04%
Investment Properties for Sale
$89,900
MLS CA1040050
Lincoln Park
Single Family Residential
2 beds 1 baths 975 sq.ft.
CAP RATE Trad. 11.35% Airbnb 6.99%
Investment Properties for Sale
$124,900
MLS CA1038312
Indian Hills
Single Family Residential
3 beds 1 baths 1,370 sq.ft.
CAP RATE Trad. 10.02% Airbnb 6.86%

Multi Family Houses for sale in Springfield, IL

Investment Properties for Sale
$130,000
MLS CA1038328
Enos Park
Multi Family
3 beds 3 baths 1,644 sq.ft.
CAP RATE Trad. 10.36% Airbnb 4.96%
Investment Properties for Sale
$135,000
MLS CA1038433
Harvard Park
Multi Family
2 beds 2 baths 1,240 sq.ft.
CAP RATE Trad. 10.31% Airbnb 4.16%
Investment Properties for Sale
$350,000
MLS CA1034859
Vinegar Hill
Multi Family
8 beds 4 baths 3,300 sq.ft.
CAP RATE Trad. 1.30% Airbnb -1.18
Investment Properties for Sale
$475,000
MLS CA1039441
Bunn Park
Multi Family
6 beds 4 baths 5,760 sq.ft.
CAP RATE Trad. 0.36% Airbnb -1.30

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
$90 per night Airbnb occupancy rate 59%
Apartment 2 · 1 · 6
Rental Income: $1,613 per month
4.93
735
The Big Green House by the Capitol
$160 per night Airbnb occupancy rate 39%
House 3 · 2 · 8
Rental Income: $1,893 per month
4.95
546
Tiny Home Cabin - No Cleaning Fee
$68 per night Airbnb occupancy rate 77%
Tiny house 2 · 1 · 4
Rental Income: $1,587 per month
4.98
524
HomeAway.
$106 per night Airbnb occupancy rate 69%
House 3 · 2 · 5
Rental Income: $2,217 per month
4.88
463
Historic Craftsman Style Boutique House
$163 per night Airbnb occupancy rate 40%
House 3 · 1.5 · 9
Rental Income: $1,970 per month
4.92
462
From home to home by Jeffrey
$113 per night Airbnb occupancy rate 39%
House 3 · 2 · 9
Rental Income: $1,328 per month
4.9
398
Central location. Quiet Cozy Welcoming Bungalow.
$100 per night Airbnb occupancy rate 55%
House 2 · 1 · 4
Rental Income: $1,683 per month
4.94
379
Dragonfly Apartment
$109 per night Airbnb occupancy rate 53%
Entire townhouse 2 · 2 · 4
Rental Income: $1,753 per month
4.98
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 $224,900 7% 2% $1,959 $1,372 318 32%
Naperville $607,500 2% 1% $3,023 $2,087 206 32%
Park Forest $164,900 6% 3% $2,024 $2,177 107 23%
URBANA $243,750 6% 1% $2,206 $1,580 94 27%
Palatine $339,000 4% 1% $2,472 $2,014 66 22%
View all illinois cities
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