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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,180
$1,375
Appreciation
8.23%
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Job Growth
0%
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Population
266,235
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The LTR Genie Score of Fort Wayne, IN is 74 and STR Genie Score is 64, indicating a moderate to high level of attractiveness for both long-term and short-term rental investments. The LTR Rentability being low suggests that the market may not be as favorable for long-term rentals compared to short-term rentals. The LTR Net ROI of 32.85% and STR Net ROI of 32.62% are quite similar, indicating that both rental strategies can yield profitable returns in this market. The 1-Year Price Appreciation Forecast of 2.45% suggests potential growth in property values, further enhancing the investment potential.
Fort Wayne, IN is a growing city with a diverse economy, strong job market, and affordable housing options, making it an attractive location for real estate investors. The STR Occupancy rate of 61.54% and STR Revenue of 1375 indicate a steady demand for short-term rentals in the area.
In conclusion, Fort Wayne, IN presents opportunities for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring both rental strategies in this market to maximize their returns. However, it is important to conduct thorough market research and due diligence before making any investment decisions.