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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,579
$2,277
Appreciation
Data-driven answers to common investor questions about this market.
5.55%
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Job Growth
-0%
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Population
184,774
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The LTR Genie Score of Newport News, VA is 65 and STR Genie Score is 63, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is low, which may be due to factors such as high competition or low demand in the area. The LTR Net ROI of 24.76% suggests a decent return on investment for long-term rental properties, while the STR Net ROI of 30.75% indicates even higher potential returns for short-term rental properties. The 1-Year Price Appreciation Forecast of 2.0% suggests a stable market with potential for modest growth.
Newport News, VA is a city located in the Hampton Roads metropolitan area, known for its strong military presence and diverse economy. The area offers a mix of urban and suburban neighborhoods, making it appealing to a wide range of renters. With its proximity to major military installations and universities, Newport News has a steady demand for rental properties.
Overall, Newport News, VA presents opportunities for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by investing in both rental strategies to maximize returns. Conducting thorough market research and due diligence is recommended to identify the best investment opportunities in this market.