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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$3,808
$6,557
Appreciation
Data-driven answers to common investor questions about this market.
4.58%
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Job Growth
-0.11%
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Population
11,423
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The LTR Genie Score of Lahaina, HI is 39, indicating a moderate level of rentability for long-term rental properties in the area. This is likely due to the stagnant LTR rent growth rate of 0.0% and the modest 1-year price appreciation forecast of 0.4%. On the other hand, the STR Genie Score is 73, suggesting a high level of rentability for short-term rental properties. This is supported by the strong STR Net ROI of 21.48% and the high STR occupancy rate of 71.43%.
In comparison, the LTR Genie Score is significantly lower than the STR Genie Score, indicating that short-term rental investment may be more lucrative in Lahaina, HI compared to long-term rental investment. With a higher potential for return on investment and a higher occupancy rate, short-term rental properties may be more attractive for real estate investors in this market.
Overall, based on the metrics provided, Lahaina, HI appears to be more favorable for short-term rental investment rather than long-term rental investment. Investors may want to consider focusing on acquiring properties for Airbnb or other short-term rental platforms in order to maximize their ROI in this market. Additionally, it is important to note that Lahaina, HI is a popular tourist destination known for its beautiful beaches, historic sites, and vibrant culture, making it a desirable location for short-term rental properties.