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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$2,787
$3,658
Appreciation
Data-driven answers to common investor questions about this market.
5.61%
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Job Growth
-0.05%
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Population
29,772
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The LTR Genie Score of Monterey, CA is 49 and STR Genie Score is 58, indicating a moderate to high potential for both long-term and short-term rental investments in the area. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0% and a Net ROI of 10.5%. On the other hand, the STR Net ROI is slightly higher at 11.83%, with a strong STR Genie Score of 58. The 1-Year Price Appreciation Forecast is 0.6%, suggesting a stable market with potential for growth. The STR Occupancy rate is 63.33%, with a revenue of 3658.
Monterey, CA is a popular tourist destination known for its stunning coastline, world-renowned aquarium, and historic Cannery Row. The city attracts visitors year-round, making it an attractive location for short-term rental investments. Additionally, Monterey's proximity to Silicon Valley and the Bay Area makes it a desirable location for long-term rental investments as well.
Overall, Monterey, CA presents a promising opportunity for real estate investors looking to capitalize on both long-term and short-term rental markets. With a moderate to high Genie Score for both rental strategies, investors can diversify their portfolio and maximize their returns in this dynamic market. Consider exploring opportunities in both long-term and short-term rentals to take advantage of the diverse demand in Monterey.