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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,792
$2,324
Appreciation
5.26%
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Job Growth
0.05%
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Population
91,730
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The LTR Genie Score of Fort Myers, FL is 65 and STR Genie Score is 59, indicating a high and moderate rating respectively. The LTR Rentability is very high, which contributes to the high LTR Genie Score. The LTR Net ROI of 20.47% is also quite attractive for long-term rental investors. On the other hand, the STR Genie Score is slightly lower due to a lower STR Net ROI of 23.27% and a lower occupancy rate of 57.14.
Fort Myers, FL is a popular destination for both tourists and long-term residents due to its beautiful beaches, warm weather, and various entertainment options. The 1-Year Price Appreciation Forecast is slightly negative, which may be a concern for investors looking for short-term gains.
Overall, Fort Myers, FL seems to be a promising market for both long-term rental and short-term rental investments. The high LTR Rentability and Net ROI make it attractive for long-term rental investors, while the potential for STR revenue and moderate STR Genie Score suggest that short-term rental investments could also be profitable. Investors may consider diversifying their portfolio by investing in both long-term and short-term rental properties in this market.