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Johntown, RI 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
$2,078
Monthly Cash Flow
-$14
Principal + Equity
$3,468
Annual Total Gain
$41,454
Cash on Cash
-0.15%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$183
Occupancy Rate
51.67%
Monthly Revenue
$1,846
Monthly Cash Flow
-$523
Principal + Equity
$3,468
Annual Total Gain
$35,347
Cash on Cash %
-5.68%
Net ROI %
Market Health & Growth
Median Income
$87,514
Population
29,559
LTR Renter %
27.97%
Forecast (1 yr)
3%
Appreciation (1 yr)
3.85%
Appreciation (5 yr)
56.43%
Appreciation (10 yr)
125.97%
Job Growth
0%
LTR Rentability
Low
STR Demand
15
STR Rentals
16
Top Public Schools
BVincent J. Gallagher Middle School
BBlackstone Valley Prep High School
B
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
Best Suburbs to Live in Rhode Island
#24out of 33 markets
Most Diverse Suburbs in Rhode Island
#8out of 33 markets
Best Suburbs for Young Professionals in Rhode Island
#18out of 33 markets
C
Public School
C
Crime And Safety
C
Housing
B
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 Johntown, RI.
In Johntown, RI, Short Term Rental (STR) regulations are governed by the town's zoning ordinances and regulations. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: Johntown may have specific zoning regulations that restrict or prohibit short term rentals in certain areas of the town. Investors should check with the local zoning department to ensure that the property they are interested in is zoned for short term rentals.
2. Permitting Requirements: In Johntown, property owners may be required to obtain a permit or license in order to operate a short term rental. Investors should familiarize themselves with the permitting process and any associated fees before purchasing a property for STR purposes.
3. Occupancy Limits: Johntown may have occupancy limits for short term rentals, which dictate the maximum number of guests allowed to stay in a property at any given time. Investors should ensure that the property they are considering purchasing complies with these occupancy limits.
4. Safety and Health Regulations: Johntown may have specific safety and health regulations that short term rental properties must adhere to, such as fire safety requirements, building codes, and sanitation standards. Investors should ensure that the property they are interested in meets these regulations.
5. Taxation: Short term rental properties in Johntown may be subject to local lodging taxes or other taxes. Investors should be aware of any tax obligations associated with operating a short term rental property in the town.
By being aware of and complying with these regulations, investors can ensure that they are making a sound investment in a short term rental property in Johntown, RI. It is recommended to consult with a local real estate attorney or property management company for further guidance on navigating the STR regulations in the town.
Market Trends Over Time
Market trend data is not yet available for Johntown, RI.
Nearest Markets
Explore nearby investment markets close to Johntown, RI.
The LTR Genie Score of Johntown, RI is 71, indicating a moderate level of rentability for long-term rental properties in this market. On the other hand, the STR Genie Score is 56, suggesting a lower level of rentability for short-term rental properties. The LTR Net ROI of 37.51% is higher than the STR Net ROI of 31.98%, indicating that long-term rental investments may provide a better return on investment in Johntown, RI. Additionally, the 1-Year Price Appreciation Forecast of 3.0% suggests potential growth in property values in the near future.
Johntown, RI is a small town with a growing population and a strong sense of community. The local economy is stable, with a diverse range of industries providing employment opportunities. The town is known for its excellent schools, low crime rates, and beautiful natural surroundings, making it an attractive location for families and retirees.
Based on the metrics provided, Johntown, RI appears to be a more attractive market for long-term rental investment rather than short-term rental investment. With a higher LTR Genie Score and Net ROI, investors may find more success in the long-term rental market in this area. However, it is important to conduct further research and analysis to fully understand the market dynamics and make informed investment decisions.
LTR Genie Score 93
$169,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,092 sqft.🏠 SINGLE FAMILY