LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,594
Monthly Cash Flow
-$868
Principal + Equity
$2,935
Annual Total Gain
$24,805
Cash on Cash
-7.06%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Suburbs in California
#12out of 526 markets
Most Diverse Places to Live in California
#68out of 1762 markets
Best Suburbs for Young Professionals in California
#215out of 526 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Richmond, CA.
In Richmond, CA, Short Term Rentals (STRs) are subject to regulations set forth by the city government. It is important for investors to be aware of these regulations before purchasing a property for short term rental purposes.
As of 2021, Richmond has implemented regulations for short term rentals, including the requirement for hosts to obtain a business license and pay transient occupancy taxes. Hosts are also required to adhere to certain safety and health standards, such as having working smoke detectors and providing emergency contact information to guests.
Additionally, Richmond has restrictions on the number of days a property can be rented out as a short term rental, with a maximum limit typically ranging from 60 to 90 days per year. Hosts may also be required to obtain a permit from the city in order to operate a short term rental.
It is important for investors to thoroughly research and understand the regulations and requirements for short term rentals in Richmond before purchasing a property for this purpose. Failure to comply with these regulations can result in fines and penalties, so it is crucial to ensure that the property is in compliance with all local laws and regulations.
Market Trends Over Time
Explore 25 years of market data for Richmond, CA, 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 Richmond, CA.
The LTR Genie Score of Richmond, CA is 46 and STR Genie Score is 32, indicating a moderate level of attractiveness for long-term rental investment and a lower level of attractiveness for short-term rental investment. The LTR Rentability is moderate, with a LTR Net ROI of 16.81%, while the STR Net ROI is slightly lower at 10.69%. The 1-Year Price Appreciation Forecast is negative at -2.2%, suggesting potential depreciation in property values. The STR Occupancy rate is 50.0%, indicating a moderate level of demand for short-term rentals in the area.
Richmond, CA is a diverse city located in the San Francisco Bay Area, known for its historic sites, parks, and waterfront views. The city has a mix of residential neighborhoods and industrial areas, offering a variety of investment opportunities for real estate investors.
Based on the metrics provided, Richmond, CA may be more attractive for long-term rental investment due to its higher LTR Genie Score and Net ROI compared to short-term rental investment. However, investors should consider the negative price appreciation forecast and weigh the potential risks and rewards before making a decision. It is advisable to conduct further research and analysis to determine the best investment strategy for this market.
