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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,269
$1,462
Appreciation
6.34%
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Job Growth
-0.03%
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Population
149,345
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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.