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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,905
$2,990
Appreciation
4.97%
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Job Growth
0.01%
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Population
713,734
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The LTR Genie Score of Denver, CO is 48 and STR Genie Score is 61, indicating a moderate score for long-term rental and a high score for short-term rental. The high STR Genie Score can be attributed to the strong STR Net ROI of 17.68% and a relatively high STR Occupancy rate of 74.19%. On the other hand, the LTR Genie Score is lower due to a lower LTR Net ROI of 11.98% and a lower LTR Rent Growth Rate of 0.0326%.
Denver, CO is a vibrant city known for its strong economy, diverse culture, and outdoor recreational opportunities. The city has experienced steady population growth in recent years, leading to a demand for housing. Additionally, Denver's proximity to popular ski resorts and national parks makes it an attractive destination for tourists, potentially driving demand for short-term rental properties.
Based on the metrics provided, Denver, CO appears to be a more attractive market for short-term rental investment due to the higher STR Genie Score and strong metrics such as STR Net ROI and occupancy rate. However, long-term rental investment may also be viable, especially for investors looking for more stable and consistent returns. Ultimately, investors should carefully consider their investment goals and risk tolerance before deciding on the best strategy for the Denver market.