Springfield Investment Analysis
Investment Property in Springfield, IL
Springfield, IL Real Estate Investment Performance
$ 149,900
Median
2,037
Avg/Sq.ft.
10.00%
Traditional
11.00%
Airbnb
131
Investment
1,171
Airbnb
22
Traditional
71%
Airbnb occupancy rate
Springfield, IL Properties Rental Prices
Predict Short-Term Rental Revenue
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Investment Properties for Sale in Springfield, IL
$249,900
MLS CA1032042
Single Family Residential
CAP RATE
Trad.
9.80%
Airbnb
10.17%
$249,900
MLS CA1032469
Single Family Residential
CAP RATE
Trad.
7.18%
Airbnb
9.88%
$179,900
MLS CA1030546
Manufactured Home
CAP RATE
Trad.
11.20%
Airbnb
9.90%
$176,900
MLS CA1028549
Single Family Residential
CAP RATE
Trad.
6.81%
Airbnb
9.87%
$176,900
MLS CA1028556
Single Family Residential
CAP RATE
Trad.
4.62%
Airbnb
9.87%
$163,000
MLS CA1033060
Single Family Residential
CAP RATE
Trad.
11.04%
Airbnb
9.55%
$110,500
MLS CA1032397
Single Family Residential
CAP RATE
Trad.
11.28%
Airbnb
9.59%
$189,900
MLS CA1032793
Single Family Residential
CAP RATE
Trad.
9.54%
Airbnb
9.35%
Single Family Houses for Sale in Springfield, IL
$249,900
MLS CA1032042
Single Family Residential
CAP RATE
Trad.
9.80%
Airbnb
10.17%
$249,900
MLS CA1032469
Single Family Residential
CAP RATE
Trad.
7.18%
Airbnb
9.88%
$176,900
MLS CA1028549
Single Family Residential
CAP RATE
Trad.
6.81%
Airbnb
9.87%
$176,900
MLS CA1028556
Single Family Residential
CAP RATE
Trad.
4.62%
Airbnb
9.87%
$163,000
MLS CA1033060
Single Family Residential
CAP RATE
Trad.
11.04%
Airbnb
9.55%
$110,500
MLS CA1032397
Single Family Residential
CAP RATE
Trad.
11.28%
Airbnb
9.59%
$189,900
MLS CA1032793
Single Family Residential
CAP RATE
Trad.
9.54%
Airbnb
9.35%
$125,000
MLS CA1033012
Single Family Residential
CAP RATE
Trad.
11.20%
Airbnb
9.38%
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
$90 per night
Airbnb occupancy rate 83%
Apartment 2 · 1 · 6
Rental Income: $2,280 per month
620
$142 per night
Airbnb occupancy rate 68%
House 3 · 2 · 8
Rental Income: $2,947 per month
449
$150 per night
Airbnb occupancy rate 83%
House 3 · 1.5 · 9
Rental Income: $3,800 per month
398
$85 per night
Airbnb occupancy rate 82%
House 3 · 2 · 9
Rental Income: $2,125 per month
346
$80 per night
Airbnb occupancy rate 75%
House 2 · 2 · 5
Rental Income: $1,840 per month
338
$92 per night
Airbnb occupancy rate 87%
House 2 · 1 · 4
Rental Income: $2,438 per month
287
$62 per night
Airbnb occupancy rate 94%
Tiny house 2 · 1 · 4
Rental Income: $1,783 per month
286
$97 per night
Airbnb occupancy rate 76%
Townhouse 2 · 2 · 4
Rental Income: $2,239 per month
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 | $699,000 | 3% | 3% | $3,276 | $3,720 | 189 | 69% |
| Elgin | $347,250 | 5% | 6% | $2,643 | $3,420 | 132 | 66% |
| Park Forest | $160,000 | 7% | 12% | $2,239 | $3,835 | 98 | 65% |
| Oak Lawn | $284,900 | 6% | 7% | $2,252 | $3,980 | 73 | 64% |
| Palatine | $349,900 | 4% | 6% | $2,498 | $4,109 | 63 | 73% |
| Oswego | $434,950 | 4% | 5% | $3,014 | $3,836 | 62 | 69% |
| BERWYN | $344,900 | 4% | 6% | $2,398 | $3,201 | 60 | 69% |
| Lombard | $367,350 | 4% | 6% | $2,370 | $4,238 | 50 | 63% |
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