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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,491
$2,272
Appreciation
Data-driven answers to common investor questions about this market.
8.57%
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Job Growth
0.01%
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Population
906,480
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The LTR Genie Score of Columbus, OH is 72, indicating a moderate level of rentability for long-term rental properties in the area. The STR Genie Score is 69, also falling within the moderate range. The LTR Rent Growth Rate of 0.0536% suggests a steady but slow increase in rental prices over time. The LTR Net ROI of 37.02% and STR Net ROI of 45.65% both show promising returns on investment. The 1-Year Price Appreciation Forecast of 1.94% indicates a slight increase in property values. The STR Occupancy rate of 56.52% and STR Revenue of 2272 suggest a decent demand for short-term rental properties in Columbus.
Columbus, OH is a growing city with a diverse economy, strong job market, and a relatively affordable cost of living compared to other major cities. The city is home to several universities, which can attract a steady stream of students and faculty looking for rental properties.
Given the moderate Genie Scores for both long-term and short-term rentals, Columbus, OH may be a suitable market for real estate investors looking for a balanced investment approach. The promising ROI figures and steady rent growth rate indicate potential for profitability in both rental strategies. Investors may consider diversifying their portfolio by investing in both long-term and short-term rental properties in Columbus to capitalize on the city's growing economy and demand for rental housing.