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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$2,645
$2,801
Appreciation
4.73%
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Job Growth
-0.02%
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Population
124,260
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The LTR Genie Score of Concord, CA is 37 and STR Genie Score is 48, indicating a low rentability for long-term rentals and moderate rentability for short-term rentals. The low LTR Genie Score can be attributed to the minimal rent growth rate of 0.0435% and the negative 1-year price appreciation forecast of -2.08%. On the other hand, the moderate STR Genie Score is influenced by the decent net ROI of 9.6% and the 65.0% occupancy rate.
Concord, CA is a city located in the East Bay region of the San Francisco Bay Area, known for its diverse community and convenient access to major highways and public transportation. The real estate market in Concord offers a mix of housing options, from single-family homes to apartments, making it an attractive location for both long-term and short-term rental investments.
Based on the metrics provided, Concord, CA may be more attractive for short-term rental investments due to the higher STR Genie Score and potential for higher net ROI. However, investors should carefully consider the forecasted price appreciation and rent growth rate for long-term rental investments. It may be beneficial to diversify investment strategies and consider a combination of both long-term and short-term rental properties in Concord to maximize returns.