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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$2,221
$2,471
Appreciation
8.05%
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Job Growth
-0.01%
—
Population
105,279
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The LTR Genie Score of Renton, WA is 53 and STR Genie Score is 60, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, suggesting that there may be some challenges in finding long-term tenants consistently. However, the LTR Net ROI of 23.26% and STR Net ROI of 22.49% are relatively high, indicating that both rental strategies could be profitable in this market. The 1-Year Price Appreciation Forecast of 0.5% suggests that property values are expected to increase slightly in the near future.
Renton, WA is a growing city located in the Seattle metropolitan area, known for its diverse economy and strong job market. With easy access to major highways and public transportation, Renton offers a convenient location for residents commuting to Seattle or Bellevue.
Overall, Renton, WA appears to be a promising market for real estate investors looking to capitalize on both long-term and short-term rental opportunities. With favorable ROI metrics and a relatively high STR Genie Score, investors may consider diversifying their portfolio by investing in both rental strategies in this market. However, it is important to conduct thorough market research and due diligence before making any investment decisions.