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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$794
$1,385
Appreciation
7.13%
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Job Growth
0.01%
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Population
23,636
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The LTR Genie Score of Freeport, IL is 66 and STR Genie Score is 60, indicating a high and moderate level of attractiveness for long-term rental and short-term rental investments, respectively. The high LTR Rentability and LTR Net ROI of 20.92% contribute to the high LTR Genie Score, while the STR Net ROI of 36.05% boosts the STR Genie Score. The 1-Year Price Appreciation Forecast of 4.6% suggests potential growth in property values. However, the STR Occupancy rate of 50.0% may be a concern for short-term rental investors.
Freeport, IL is a city located in northwestern Illinois with a population of approximately 25,000 residents. The city offers a mix of historic charm and modern amenities, making it an attractive location for real estate investment. The proximity to major cities like Chicago and Madison, WI, as well as access to outdoor recreational activities, can appeal to both long-term and short-term rental tenants.
Overall, Freeport, IL presents opportunities for both long-term and short-term rental investments. Investors looking for stable returns and steady cash flow may find success in long-term rentals, while those seeking higher ROI and are willing to manage occupancy fluctuations may consider short-term rentals. Conducting thorough market research and due diligence is recommended before making any investment decisions in Freeport, IL.