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Green Cove Springs, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,062
Monthly Cash Flow
-$101
Principal + Equity
$2,291
Annual Total Gain
$26,290
Cash on Cash
-1.41%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$203
Occupancy Rate
53.33%
Monthly Revenue
$2,535
Monthly Cash Flow
-$8
Principal + Equity
$2,291
Annual Total Gain
$27,401
Cash on Cash %
-0.11%
Net ROI %
Market Health & Growth
Median Income
$66,907
Population
9,937
LTR Renter %
22.41%
Forecast (1 yr)
1.2%
Appreciation (1 yr)
-1.42%
Appreciation (5 yr)
41.98%
Appreciation (10 yr)
99.21%
Job Growth
10.54%
LTR Rentability
Very High
STR Demand
45
STR Rentals
45
Top Public Schools
A-Bartram Trail High School
A-Robert M. Paterson Elementary School
A-
B
B-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Suburbs in Florida
#117out of 380 markets
Best Suburbs to Buy a House in Florida
#95out of 380 markets
Suburbs with the Best Public Schools in Florida
#76out of 380 markets
B
Public School
C
Crime And Safety
B-
Housing
C
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Green Cove Springs, FL.
In Green Cove Springs, FL, Short Term Rental (STR) regulations are governed by the city's zoning code and are subject to certain restrictions and requirements. Investors looking to purchase a property for short term rental purposes in Green Cove Springs should be aware of the following regulations:
1. Zoning Restrictions: The city of Green Cove Springs has specific zoning regulations that dictate where short term rentals are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing and Permits: In order to operate a short term rental in Green Cove Springs, investors must obtain the necessary licenses and permits from the city. This may include a business license, occupancy permit, and/or short term rental permit.
3. Occupancy Limits: The city of Green Cove Springs may have restrictions on the maximum number of guests allowed to stay in a short term rental property at any given time. Investors should be aware of these occupancy limits and ensure they are in compliance with them.
4. Safety and Health Regulations: Short term rental properties in Green Cove Springs must meet certain safety and health standards, such as having working smoke detectors, fire extinguishers, and proper sanitation facilities. Investors should ensure their property meets these requirements.
5. Noise and Nuisance Regulations: The city of Green Cove Springs may have noise ordinances in place that regulate the hours during which guests can make noise or play music. Investors should be aware of these regulations and communicate them to their guests.
6. Taxation: Short term rental properties in Green Cove Springs are subject to certain taxes, such as sales tax and tourist development tax. Investors should be aware of these tax obligations and ensure they are properly collected and remitted.
Overall, investors looking to purchase a property for short term rental purposes in Green Cove Springs should thoroughly research and understand the local regulations and requirements governing STRs in order to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Green Cove Springs, FL, 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 Green Cove Springs, FL.
The LTR Genie Score of Green Cove Springs, FL is 77 and STR Genie Score is 61, indicating a high and moderate level of attractiveness for long-term rental and short-term rental investments, respectively. The high LTR Genie Score can be attributed to the very high LTR Rentability and impressive LTR Net ROI of 30.81%. On the other hand, the moderate STR Genie Score is influenced by the relatively lower STR Revenue and STR Occupancy rate of 53.33.
Green Cove Springs, FL is a charming city located in Clay County, known for its historic downtown area and scenic waterfront views along the St. Johns River. With a 1-year price appreciation forecast of 1.2%, the market shows potential for growth in property values.
Based on the metrics provided, Green Cove Springs, FL appears to be more attractive for long-term rental investment due to its high LTR Rentability and Net ROI. However, investors may also consider diversifying their portfolio by exploring short-term rental opportunities in the area, albeit with a slightly lower Genie Score. Ultimately, a combination of both long-term and short-term rental investments could offer a well-rounded approach to maximizing returns in this market.
LTR Genie Score 78
$475,000
🛏 5 Beds🛁 3.0000 Baths🏙 2,346 sqft.🏠 SINGLE FAMILY
2609 ROYAL POINTE Drive, Green Cove Springs, FL 32043