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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,313
$1,656
Appreciation
Data-driven answers to common investor questions about this market.
0.77%
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Job Growth
0.01%
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Population
121,537
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The LTR Genie Score of Lafayette, LA is 52 and STR Genie Score is 42, indicating a moderate level of attractiveness for long-term rental investment and a low level of attractiveness for short-term rental investment. The LTR Rentability is high, suggesting that there is a strong demand for long-term rentals in the area. However, the LTR Rent Growth Rate is stagnant at 0.0%, which may limit potential income growth for long-term rental properties. On the other hand, the STR Net ROI is higher than the LTR Net ROI, indicating that short-term rental properties may provide a better return on investment in Lafayette.
Lafayette, LA is a vibrant city known for its rich cultural heritage, delicious cuisine, and strong sense of community. The city is also home to several universities, which can attract a steady stream of potential tenants for both long-term and short-term rental properties. Additionally, Lafayette's strategic location in the heart of Cajun Country makes it a popular destination for tourists seeking an authentic Louisiana experience.
In conclusion, Lafayette, LA may be an attractive market for real estate investors interested in short-term rental properties due to the higher potential ROI compared to long-term rentals. However, investors should carefully consider the 1-Year Price Appreciation Forecast of -3.46% before making any investment decisions. Overall, a diversified portfolio that includes both long-term and short-term rental properties may be a prudent strategy in this market.