LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,633
Monthly Cash Flow
-$986
Principal + Equity
$2,495
Annual Total Gain
$18,114
Cash on Cash
-11.77%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Most Diverse Suburbs in Texas
#17out of 417 markets
Most Diverse Places to Live in Texas
#50out of 1052 markets
Best Suburbs for Young Professionals in Texas
#17out of 417 markets
A-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Carrollton, TX.
Carrollton, TX does have regulations in place for Short Term Rentals (STRs) that investors should be aware of before purchasing a property for this purpose.
1. Registration and Licensing: All STR properties in Carrollton must be registered with the city and obtain a Short Term Rental License. This license must be renewed annually.
2. Occupancy Limits: There are occupancy limits for STR properties in Carrollton, with a maximum of two adults per bedroom plus two additional guests per property.
3. Noise and Nuisance Regulations: STR properties must comply with noise regulations and cannot create a nuisance for neighbors. Quiet hours are typically enforced between 10pm and 7am.
4. Parking Regulations: STR properties must provide adequate parking for guests and cannot exceed the number of vehicles allowed on the property.
5. Taxes and Fees: Investors should be aware of any local taxes and fees associated with operating an STR property in Carrollton. This may include occupancy taxes and licensing fees.
6. Insurance Requirements: Investors should ensure that their property insurance covers short term rental activity and liability for guests.
7. Zoning Restrictions: Some areas of Carrollton may have zoning restrictions that prohibit or limit the operation of STR properties. Investors should check with the city's zoning department before purchasing a property.
Overall, investors should thoroughly research and understand the regulations and requirements for operating an STR property in Carrollton before making a purchase. Failure to comply with these regulations could result in fines or penalties, so it is important to be fully informed before investing in this market.
Market Trends Over Time
Explore 25 years of market data for Carrollton, TX, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Carrollton, TX.
The LTR Genie Score of Carrollton, TX is 49, indicating a moderate level of rentability for long-term rental properties in the area. The STR Genie Score is higher at 66, suggesting a more favorable environment for short-term rental or Airbnb investments. This difference can be attributed to the higher net ROI and occupancy rate for short-term rentals compared to long-term rentals in Carrollton.
Carrollton, TX is a suburb of Dallas known for its diverse community, strong job market, and excellent school system. The city offers a mix of residential neighborhoods, commercial areas, and recreational facilities, making it an attractive location for real estate investment.
Based on the metrics provided, Carrollton, TX may be more attractive for short-term rental investments due to the higher STR Genie Score, net ROI, and occupancy rate. However, investors should also consider the 1-year price appreciation forecast, which is slightly negative. Overall, Carrollton presents opportunities for both long-term and short-term rental investments, but investors may want to focus on short-term rentals for potentially higher returns in the current market conditions.
LTR Genie Score 93
$266,960
🛏 3 Beds🛁 2.0000 Baths🏙 1,984 sqft.🏠 SINGLE FAMILY
