LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,380
Monthly Cash Flow
-$1,419
Principal + Equity
$3,981
Annual Total Gain
$30,740
Cash on Cash
-10.65%
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 Cities in America
#111out of 229 markets
Best Cities for Outdoor Activities in America
#58out of 229 markets
Cities with the Best Public Schools in America
#87out of 229 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Riverside, CA.
In Riverside, CA, Short Term Rental (STR) regulations are governed by the city's Municipal Code. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Registration and Permitting: Property owners must register their STR with the city and obtain a permit before operating. The permit must be renewed annually.
2. Zoning Restrictions: STRs are only allowed in certain zoning districts in Riverside. Investors should check the zoning regulations for the specific property they are interested in purchasing.
3. Occupancy Limits: There are occupancy limits for STRs in Riverside, which vary depending on the size of the property. Investors should ensure they comply with these limits.
4. Noise and Nuisance Regulations: STRs must comply with noise and nuisance regulations to ensure they do not disrupt the peace and quiet of the neighborhood.
5. Transient Occupancy Tax (TOT): Property owners renting out their property for short term stays are required to collect and remit TOT to the city of Riverside.
6. Insurance Requirements: Property owners must have liability insurance coverage for their STR property.
7. Health and Safety Regulations: STR properties must meet health and safety standards set by the city, including fire safety regulations.
Investors should thoroughly research and understand the STR regulations in Riverside before purchasing a property for short term rental purposes to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Riverside, 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 Riverside, CA.
The LTR Genie Score of Riverside, CA is 50 and STR Genie Score is 59, indicating a moderate to high potential for both long-term and short-term rental investments. The LTR Rentability is very low, which could be a contributing factor to the lower LTR Genie Score. However, the LTR Net ROI of 19.22% and the STR Net ROI of 18.95% suggest that both rental strategies can be profitable in this market. The 1-Year Price Appreciation Forecast of 1.49% indicates a stable market with potential for growth. The STR Occupancy rate of 57.14% and STR Revenue of 2758 also point to a strong demand for short-term rentals in Riverside.
Riverside, CA is a city located in the Inland Empire region of Southern California, known for its affordable housing market and proximity to major employment centers like Los Angeles and Orange County. The city offers a diverse range of housing options, from single-family homes to multi-unit properties, making it attractive for real estate investors looking to diversify their portfolio.
In conclusion, Riverside, CA presents opportunities for both long-term and short-term rental investments. Investors may consider a combination of both strategies to maximize their returns in this market. With a moderate to high Genie Score for both rental types and a positive outlook for price appreciation, Riverside could be a promising location for real estate investment.
