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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,331
$2,059
Appreciation
4.9%
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Job Growth
0.01%
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Population
92,401
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The LTR Genie Score of Hoover, AL is 48 and STR Genie Score is 38, indicating a moderate level of rentability for both long-term and short-term rental properties in the area. The LTR Net ROI of 11.45% suggests a decent return on investment for long-term rentals, while the higher STR Net ROI of 16.16% indicates potentially higher returns for short-term rentals. The 1-Year Price Appreciation Forecast of 0.4% suggests a stable market with minimal growth.
The STR Occupancy rate of 54.84% and STR Revenue of 2059 indicate a steady demand for short-term rental properties in Hoover, AL. However, the LTR Rent Growth Rate of 0.0% may be a concern for long-term rental investors looking for potential income growth over time.
Overall, Hoover, AL appears to be a market with opportunities for both long-term and short-term rental investments. Real estate investors may consider diversifying their portfolio by investing in both rental strategies to maximize returns in this market. It is recommended to conduct further research and analysis to determine the best investment approach based on individual goals and risk tolerance.
Hoover, AL is a suburb of Birmingham known for its excellent schools, low crime rates, and family-friendly community. The area offers a mix of residential neighborhoods, shopping centers, and outdoor recreational opportunities, making it an attractive location for both tenants and potential buyers.