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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$2,380
$2,758
Appreciation
6.55%
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Job Growth
0.01%
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Population
316,241
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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.