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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,297
$1,840
Appreciation
4.88%
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Job Growth
-0%
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Population
40,205
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The LTR Genie Score of Florence, SC is 66 and STR Genie Score is 65, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, with a LTR Net ROI of 21.83%, while the STR Net ROI is slightly higher at 27.68%. The 1-Year Price Appreciation Forecast is 1.37%, suggesting a stable market with potential for growth. The STR Occupancy rate is 63.64% and the average STR Revenue is 1840.
The LTR Genie Score is slightly higher than the STR Genie Score, indicating that long-term rental investments may be slightly more favorable in Florence, SC compared to short-term rentals. This could be due to the stable rent growth rate and net ROI for long-term rentals. However, the high STR Net ROI and occupancy rate suggest that short-term rentals could also be a viable option for investors in this market.
Florence, SC is a growing city with a diverse economy, including healthcare, manufacturing, and education sectors. The city offers a mix of urban amenities and a suburban feel, making it attractive to a wide range of tenants. With its stable market conditions and potential for growth, Florence, SC could be a promising location for real estate investors looking to diversify their portfolio with both long-term and short-term rental properties.
Data-driven answers to common investor questions about this market.