LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,315
Monthly Cash Flow
$104
Principal + Equity
$1,269
Annual Total Gain
$16,478
Cash on Cash
2.91%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Places to Live in Texas
#23out of 1052 markets
Places with the Best Public Schools in Texas
#332out of 707 markets
Places with the Lowest Cost of Living in Texas
#350out of 1050 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Corsicana, TX.
As of September 2021, Corsicana, TX does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any updates from the city government.
Before investing in a property for short term rental in Corsicana, investors should consider the following:
1. Zoning regulations: Check with the city's zoning department to ensure that the property is zoned for short term rentals. Some areas may have restrictions on STRs or require a special permit.
2. Taxes and permits: Investors should be aware of any local taxes or permits required for operating a short term rental in Corsicana. This may include occupancy taxes, sales taxes, and business licenses.
3. Homeowners' association (HOA) rules: If the property is located in a neighborhood with an HOA, investors should review the HOA rules and regulations regarding short term rentals. Some HOAs may have restrictions or guidelines for STRs.
4. Insurance: Investors should consider obtaining appropriate insurance coverage for a short term rental property, such as liability insurance and coverage for property damage.
5. Property management: Investors should also consider hiring a property management company to handle the day-to-day operations of the short term rental, including guest communication, cleaning, and maintenance.
Overall, while Corsicana currently does not have specific regulations for short term rentals, investors should conduct thorough research and due diligence before purchasing a property for this purpose to ensure compliance with any future regulations and to maximize the success of their investment.
Market Trends Over Time
Explore 25 years of market data for Corsicana, 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 Corsicana, TX.
The LTR Genie Score of Corsicana, TX is 80, indicating a high level of rentability for long-term rental properties in the area. The STR Genie Score of 55 suggests moderate potential for short-term rental or Airbnb properties. The LTR Net ROI of 38.28% is slightly higher than the STR Net ROI of 39.15%, indicating that long-term rental investments may offer slightly better returns in this market. The 1-Year Price Appreciation Forecast of 1.8% suggests steady growth potential for property values in Corsicana.
Corsicana, TX is a small city located in Navarro County, known for its historic downtown area and proximity to recreational activities like fishing and boating on nearby lakes. The city has a diverse economy with industries such as manufacturing, education, and healthcare, providing a stable base for rental property investments.
Overall, Corsicana, TX appears to be a promising market for real estate investors, particularly for long-term rental properties. With a high LTR Genie Score, steady rent growth, and attractive ROI, investors may find success in purchasing and renting out properties in this area. Short-term rental opportunities also exist, but the slightly lower STR Genie Score suggests that long-term rentals may be a more lucrative option in this market. It is recommended for investors to consider both LTR and STR options based on their investment goals and risk tolerance.
LTR Genie Score 93
$60,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,131 sqft.🏠 SINGLE FAMILY
