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Springfield, IL — Rental Investment Analysis

🟡MODERATE— average returns

Cap Rate

4.2%

Below average

Monthly Cash Flow

-$416

After all expenses

Price-to-Rent

14.0

Investor-friendly

DSCR

0.66

Fails

📊 Key Metrics

Median Home Price
$225,374
Average Rent (3BR)
$1,405/mo
Price-to-Rent Ratio
14.0(good)
1% Rule
0.60%(fails — need 1%+)
Cash-on-Cash Return
-9.6%
Vacancy Rate
8.0%

📈 Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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🏘️ Best Zip Codes in Springfield for Investors

62703
Cap Rate: 12.6%Cash Flow: +$490/mo$95,148
62702
Cap Rate: 11.0%Cash Flow: +$425/mo$109,724
62707
Cap Rate: 4.3%Cash Flow: -$392/mo$227,314

All Zip Codes in Springfield

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
6270312.6%+$490$95,148$1,380/mo1.97
6270211.0%+$425$109,724$1,420/mo1.73
627074.3%-$392$227,314$1,390/mo0.68
626704.0%-$440$223,434$1,300/mo0.63
627122.9%-$973$331,833$1,540/mo0.45
627112.8%-$1,070$362,000$1,670/mo0.44