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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$2,750
$3,075
Appreciation
Data-driven answers to common investor questions about this market.
9.1%
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Job Growth
0.01%
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Population
151,199
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The LTR Genie Score of Bellevue, WA is 66 and STR Genie Score is 68, indicating a high level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0414% and the 1-Year Price Appreciation Forecast of 0.84% suggest steady growth in rental income and property value over time. Additionally, the LTR Net ROI of 23.89% and STR Net ROI of 23.44% demonstrate strong returns on investment for both rental strategies.
The high LTR and STR Genie Scores can be attributed to the strong demand for rental properties in Bellevue, as indicated by the high LTR Rentability and STR Occupancy rate of 71.43%. The steady rental revenue of $3075 for short-term rentals further supports the attractiveness of investing in the Bellevue market.
Based on the metrics provided, Bellevue, WA appears to be a promising market for real estate investors looking to invest in both long-term and short-term rental properties. With high rentability, strong ROI, and steady growth in rental income and property value, investing in Bellevue could yield favorable returns for investors. It is recommended for investors to consider diversifying their portfolio by investing in both long-term and short-term rental properties in Bellevue to maximize their returns in this market.