Springfield Investment Analysis

Investment Property in Springfield, IL

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Springfield, IL Real Estate Investment Performance

PROPERTY SALE PRICE

$ 154,900

Median

2,080

Avg/Sq.ft.
CASH ON CASH RETURN

9.00%

Traditional

10.00%

Airbnb
NUMBER OF PROPERTIES

131

Investment

1,171

Airbnb

23

Traditional

71%

Airbnb occupancy rate

Springfield, IL Properties Rental Prices

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Investment Properties for Sale in Springfield, IL

Investment Properties for Sale
$249,900
MLS CA1032042
Vinegar Hill
Single Family Residential
4 beds 3 baths 2,360 sq.ft.
CAP RATE Trad. 9.80% Airbnb 10.17%
Investment Properties for Sale
$249,900
MLS CA1032469
Historic West Side
Single Family Residential
4 beds 2 baths 2,270 sq.ft.
CAP RATE Trad. 7.18% Airbnb 9.88%
Investment Properties for Sale
$179,900
MLS CA1030546
Bunn Park
Manufactured Home
3 beds 2 baths N/A sq.ft.
CAP RATE Trad. 11.20% Airbnb 9.90%
Investment Properties for Sale
$137,000
MLS CA1033229
Jefferson Park
Single Family Residential
2 beds 1 baths 931 sq.ft.
CAP RATE Trad. 8.78% Airbnb 9.98%
Investment Properties for Sale
$176,900
MLS CA1028549
Cobbelstone Estates
Single Family Residential
3 beds 2 baths 1,355 sq.ft.
CAP RATE Trad. 6.81% Airbnb 9.87%
Investment Properties for Sale
$176,900
MLS CA1028556
Cobbelstone Estates
Single Family Residential
3 beds 2 baths 1,355 sq.ft.
CAP RATE Trad. 4.62% Airbnb 9.87%
Investment Properties for Sale
$163,000
MLS CA1033060
Harvard Park
Single Family Residential
3 beds 3 baths 1,700 sq.ft.
CAP RATE Trad. 11.04% Airbnb 9.55%
Investment Properties for Sale
$110,500
MLS CA1032397
Harvard Park
Single Family Residential
2 beds 1 baths 917 sq.ft.
CAP RATE Trad. 11.28% Airbnb 9.59%

Single Family Houses for Sale in Springfield, IL

Investment Properties for Sale
$249,900
MLS CA1032042
Vinegar Hill
Single Family Residential
4 beds 3 baths 2,360 sq.ft.
CAP RATE Trad. 9.80% Airbnb 10.17%
Investment Properties for Sale
$249,900
MLS CA1032469
Historic West Side
Single Family Residential
4 beds 2 baths 2,270 sq.ft.
CAP RATE Trad. 7.18% Airbnb 9.88%
Investment Properties for Sale
$137,000
MLS CA1033229
Jefferson Park
Single Family Residential
2 beds 1 baths 931 sq.ft.
CAP RATE Trad. 8.78% Airbnb 9.98%
Investment Properties for Sale
$176,900
MLS CA1028549
Cobbelstone Estates
Single Family Residential
3 beds 2 baths 1,355 sq.ft.
CAP RATE Trad. 6.81% Airbnb 9.87%
Investment Properties for Sale
$176,900
MLS CA1028556
Cobbelstone Estates
Single Family Residential
3 beds 2 baths 1,355 sq.ft.
CAP RATE Trad. 4.62% Airbnb 9.87%
Investment Properties for Sale
$163,000
MLS CA1033060
Harvard Park
Single Family Residential
3 beds 3 baths 1,700 sq.ft.
CAP RATE Trad. 11.04% Airbnb 9.55%
Investment Properties for Sale
$110,500
MLS CA1032397
Harvard Park
Single Family Residential
2 beds 1 baths 917 sq.ft.
CAP RATE Trad. 11.28% Airbnb 9.59%
Investment Properties for Sale
$125,000
MLS CA1033012
Lincoln Park
Single Family Residential
2 beds 1 baths 1,120 sq.ft.
CAP RATE Trad. 11.20% Airbnb 9.38%

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 83%
Apartment 2 · 1 · 6
Rental Income: $2,280 per month
4.93
620
The Big Green House by the Capitol
$142 per night Airbnb occupancy rate 68%
House 3 · 2 · 8
Rental Income: $2,947 per month
4.95
449
Historic Craftsman Style Boutique House
$150 per night Airbnb occupancy rate 83%
House 3 · 1.5 · 9
Rental Income: $3,800 per month
4.92
398
From home to home by Jeffrey
$85 per night Airbnb occupancy rate 82%
House 3 · 2 · 9
Rental Income: $2,125 per month
4.9
346
HomeAway.
$80 per night Airbnb occupancy rate 75%
House 2 · 2 · 5
Rental Income: $1,840 per month
4.89
338
Central location. Quiet Cozy Welcoming Bungalow.
$92 per night Airbnb occupancy rate 87%
House 2 · 1 · 4
Rental Income: $2,438 per month
4.94
287
Tiny Home Cabin - No Cleaning Fee
$62 per night Airbnb occupancy rate 94%
Tiny house 2 · 1 · 4
Rental Income: $1,783 per month
4.98
286
Dragonfly Apartment
$97 per night Airbnb occupancy rate 76%
Townhouse 2 · 2 · 4
Rental Income: $2,239 per month
4.98
261

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
Naperville $675,000 3% 4% $3,252 $3,671 213 69%
Elgin $348,000 5% 6% $2,641 $3,420 143 66%
Park Forest $159,950 7% 11% $2,242 $3,835 92 65%
Oak Lawn $272,450 5% 7% $2,252 $3,980 82 64%
Palatine $299,450 4% 6% $2,336 $4,109 72 73%
Oswego $424,990 4% 5% $2,953 $3,836 61 69%
BERWYN $355,450 4% 6% $2,380 $4,985 60 69%
Lombard $374,950 4% 6% $2,489 $4,238 54 63%
HOFFMAN ESTATES $382,250 4% 7% $2,643 $4,568 44 65%
View all illinois cities
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