LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,269
Monthly Cash Flow
-$454
Principal + Equity
$1,305
Annual Total Gain
$10,210
Cash on Cash
-10.11%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Suburbs in Texas
#185out of 417 markets
Suburbs with the Best Public Schools in Texas
#146out of 417 markets
Suburbs with the Lowest Cost of Living in Texas
#169out of 417 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Pasadena, TX.
Before investing in a property in Pasadena, TX for short term rental purposes, it is important for an investor to be aware of the regulations and restrictions in place for short term rentals in the city.
As of now, Pasadena does not have specific regulations in place for short term rentals such as Airbnb or VRBO. However, it is always recommended to check with the city's zoning department to ensure that the property is zoned for short term rentals and to inquire about any potential regulations that may apply.
Additionally, it is important to consider the potential impact of any homeowner's association (HOA) regulations or restrictions that may prohibit or limit short term rentals in the community where the property is located.
It is also advisable to familiarize oneself with any applicable state or local tax laws that may apply to short term rentals in Pasadena, including occupancy taxes or sales taxes that may need to be collected and remitted to the appropriate authorities.
Overall, conducting thorough research and due diligence on the regulations and restrictions for short term rentals in Pasadena, TX is essential for investors looking to purchase a property for this purpose.
Market Trends Over Time
Explore 25 years of market data for Pasadena, TX, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Pasadena, TX.
The LTR Genie Score of Pasadena, TX is 42 and STR Genie Score is 37, indicating a moderate to low rating for both long-term and short-term rental investments in this market. The low LTR Rentability and STR Genie Score suggest that the rental market may not be as strong in Pasadena compared to other areas. Additionally, the 1-Year Price Appreciation Forecast of -0.32% indicates a potential decrease in property value over the next year.
Comparing the LTR and STR Genie Scores, the LTR Net ROI of 18.95% is slightly higher than the STR Net ROI of 18.36%, suggesting that long-term rental investments may offer slightly better returns in Pasadena. However, with a low LTR Rent Growth Rate and STR Occupancy of 54.01%, investors may face challenges in maximizing rental income in this market.
Overall, based on the metrics provided, Pasadena, TX may not be the most attractive market for real estate investors looking for either long-term or short-term rental opportunities. It is recommended that investors thoroughly research the market dynamics and consider other locations with higher genie scores for better investment prospects.
Pasadena, TX is a city located in the Houston metropolitan area known for its industrial presence and proximity to major highways. The city offers a mix of residential neighborhoods and commercial developments, making it a diverse real estate market for investors to consider.
LTR Genie Score 93
$199,999
🛏 6 Beds🛁 3.0000 Baths🏙 2,645 sqft.🏠 SINGLE FAMILY
