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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,750
$3,723
Appreciation
Data-driven answers to common investor questions about this market.
5.74%
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Job Growth
-0.01%
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Population
6,887
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The LTR Genie Score of Ocean City, MD is 60 and the STR Genie Score is 78, indicating a moderate score for long-term rental and a high score for short-term rental. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0% and a Net ROI of 16.01%. On the other hand, the STR Net ROI is higher at 31.44%, with an Occupancy rate of 58.06% and Revenue of 3723. The 1-Year Price Appreciation Forecast is 1.7%.
Ocean City, MD is a popular beach destination known for its vibrant boardwalk, sandy beaches, and family-friendly atmosphere. It attracts tourists year-round, making it a potentially lucrative market for short-term rental investments.
Based on the metrics provided, Ocean City, MD seems to be more attractive for short-term rental investment due to the higher STR Genie Score, Net ROI, and occupancy rate. However, long-term rental investment could also be considered for more stable and consistent returns. It may be beneficial for real estate investors to diversify their portfolio by considering both short-term and long-term rental options in Ocean City, MD.