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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,789
$4,183
Appreciation
Data-driven answers to common investor questions about this market.
6.36%
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Job Growth
-0.01%
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Population
19,343
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The LTR Genie Score of North Myrtle Beach, SC is 71, indicating a high level of rentability for long-term rental properties in the area. The STR Genie Score is even higher at 82, suggesting that short-term rental properties, such as those listed on Airbnb, are particularly lucrative in this market. The high scores can be attributed to the strong STR Net ROI of 43.28% and the solid LTR Net ROI of 21.45%. The 1-Year Price Appreciation Forecast of 1.8% also indicates potential for property value growth in the near future.
North Myrtle Beach, SC is a popular tourist destination known for its beautiful beaches, golf courses, and family-friendly attractions. The area attracts visitors year-round, making it an attractive location for both short-term and long-term rental investments.
Based on the metrics provided, North Myrtle Beach, SC appears to be a promising market for both long-term and short-term rental investments. The high LTR and STR Genie Scores, along with the strong ROI figures, suggest that investors could potentially see solid returns in both rental categories. With the steady rent growth rate and positive price appreciation forecast, this market offers opportunities for investors looking to diversify their rental property portfolio.