LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,388
Monthly Cash Flow
-$2,259
Principal + Equity
$4,759
Annual Total Gain
$30,004
Cash on Cash
-13.83%
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 Suburbs in California
#60out of 526 markets
Most Diverse Places to Live in California
#227out of 1762 markets
Suburbs with the Best Public Schools in California
#265out of 526 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in El Cajon, CA.
In El Cajon, CA, short term rentals (STRs) are regulated by the city's Municipal Code. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Permit Requirement: El Cajon requires property owners to obtain a permit in order to operate a short term rental. The permit application process typically involves submitting an application, paying a fee, and meeting certain criteria set by the city.
2. Zoning Restrictions: The city has specific zoning regulations that dictate where short term rentals are allowed to operate. Investors should check the zoning of the property they are interested in purchasing to ensure it is eligible for short term rental use.
3. Occupancy Limits: El Cajon imposes occupancy limits on short term rentals to prevent overcrowding and maintain neighborhood quality. Investors should be aware of these limits and ensure they are in compliance.
4. Noise and Nuisance Regulations: The city has noise and nuisance regulations in place to address any disturbances caused by short term rentals. Investors should be mindful of these regulations and take steps to ensure their guests are respectful of the neighborhood.
5. Transient Occupancy Tax: El Cajon requires short term rental operators to collect and remit transient occupancy tax on a regular basis. Investors should factor in this additional cost when considering the financial viability of their investment.
6. Insurance Requirements: The city may require short term rental operators to carry liability insurance to protect against any potential accidents or damages that may occur on the property.
Overall, investors should thoroughly research and understand the regulations governing short term rentals in El Cajon before purchasing a property for this purpose. Failure to comply with these regulations could result in fines, penalties, or even the revocation of the permit to operate the short term rental.
Market Trends Over Time
Explore 25 years of market data for El Cajon, CA, 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 El Cajon, CA.
The LTR Genie Score of El Cajon, CA is 43, indicating a low rentability for long-term rental properties in this market. This is likely influenced by the low LTR Rent Growth Rate of 0.062% and the 1-Year Price Appreciation Forecast of 0.97%. On the other hand, the STR Genie Score is 57, suggesting a slightly better outlook for short-term rental properties. The higher STR Net ROI of 19.79% and the STR Occupancy rate of 57.14% contribute to this higher score.
El Cajon, CA is a city located in San Diego County known for its diverse population and strong sense of community. It offers a mix of urban and suburban living, with various amenities and attractions for residents and visitors alike.
Based on the metrics provided, El Cajon, CA may be more attractive for short-term rental investments rather than long-term rental investments. The higher STR Genie Score and STR Net ROI indicate a potentially better return on investment for short-term rental properties in this market. However, investors should conduct further research and analysis to determine the best investment strategy based on their individual goals and risk tolerance.
LTR Genie Score 80
$599,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,664 sqft.🏠 SINGLE FAMILY