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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,950
$3,614
Appreciation
5.39%
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Job Growth
-0.01%
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Population
28,542
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The LTR Genie Score of Saratoga Springs, NY is 58 and STR Genie Score is 52, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, suggesting that the market may be suitable for long-term rental investments. However, the STR Net ROI is higher than the LTR Net ROI, indicating that short-term rental investments may offer better returns in this market. The 1-Year Price Appreciation Forecast is positive, which could be a good sign for potential property appreciation.
Saratoga Springs, NY is known for its historic charm, cultural attractions, and natural beauty, making it a desirable location for both tourists and residents. The city is home to the famous Saratoga Race Course, Saratoga Spa State Park, and a vibrant downtown area with shops, restaurants, and entertainment options.
In conclusion, Saratoga Springs, NY may be a good market for real estate investors looking to diversify their portfolio with both long-term and short-term rental properties. The positive price appreciation forecast and the potential for higher returns in short-term rentals make this market attractive for investors seeking a mix of stability and growth opportunities. However, it is important to conduct thorough market research and due diligence before making any investment decisions.
Data-driven answers to common investor questions about this market.