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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,911
$2,205
Appreciation
Data-driven answers to common investor questions about this market.
7.5%
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Job Growth
0.01%
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Population
85,718
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The LTR Genie Score of Melbourne, FL is 65 and STR Genie Score is 61, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability being low suggests that the market may not be as favorable for long-term rentals compared to short-term rentals. The LTR Net ROI of 29.45% and STR Net ROI of 28.95% are relatively high, indicating good potential for returns in both rental strategies. The 1-Year Price Appreciation Forecast of 0.84% suggests a stable market with slight growth potential. The STR Occupancy rate of 63.33% and STR Revenue of 2205 indicate a decent demand for short-term rentals in the area.
Melbourne, FL is a city located on Florida's Space Coast known for its beautiful beaches, outdoor recreational activities, and aerospace industry presence. The city offers a diverse economy and a growing population, making it an attractive location for real estate investment.
In conclusion, Melbourne, FL presents opportunities for both long-term and short-term rental investments, with slightly higher potential for returns in long-term rentals. Investors may consider diversifying their portfolio by investing in both rental strategies to maximize their returns in this stable and growing market. It is recommended to conduct further market research and analysis to make informed investment decisions in Melbourne, FL.