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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$2,327
$4,085
Appreciation
4.15%
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Job Growth
0.03%
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Population
40,744
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The LTR Genie Score of Annapolis, MD is 53 and STR Genie Score is 58, indicating that both long-term rental and short-term rental investment opportunities are moderately favorable in this market. The LTR Rentability is high, suggesting a strong demand for long-term rentals in Annapolis. The LTR Net ROI of 10.57% is also promising, although the LTR Rent Growth Rate is relatively low at 0.0412%. On the other hand, the STR Net ROI of 19.56% and the STR Genie Score of 58 indicate that short-term rental investments may offer higher returns in Annapolis. The 1-Year Price Appreciation Forecast of 0.55% suggests modest growth potential in property values.
Annapolis, MD is a historic city known for its picturesque waterfront, charming downtown area, and rich maritime heritage. The city attracts tourists, sailors, and history enthusiasts, making it a popular destination for short-term rentals. Additionally, Annapolis is home to the United States Naval Academy, which could provide a steady demand for long-term rentals from students, faculty, and military personnel.
Overall, Annapolis, MD appears to offer opportunities for both long-term and short-term rental investments. Real estate investors may consider diversifying their portfolio by investing in both rental strategies to maximize their returns in this market. However, thorough market research and due diligence are recommended to ensure a successful investment in Annapolis.