LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,116
Monthly Cash Flow
$179
Principal + Equity
$299
Annual Total Gain
$5,734
Cash on Cash
6.43%
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
#150out of 229 markets
Best Cities to Retire in America
#151out of 229 markets
Cities with the Lowest Cost of Living in America
#40out of 229 markets
C-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Shreveport, LA.
In Shreveport, Louisiana, Short Term Rentals (STRs) are regulated by the city's zoning ordinances and the Shreveport Metropolitan Planning Commission (MPC). Here are some key regulations that an investor should be aware of before purchasing a property for STR in Shreveport:
1. Zoning Restrictions: The city of Shreveport has specific zoning regulations that dictate where STRs are allowed to operate. Investors should check the zoning of the property they are interested in to ensure that it is zoned for short term rentals.
2. Permitting Requirements: In Shreveport, property owners must obtain a permit from the MPC in order to operate a short term rental. The permit application process typically involves submitting a detailed application, paying a fee, and meeting certain requirements set by the city.
3. Occupancy Limits: The city of Shreveport has occupancy limits for STRs, which dictate the maximum number of guests that can stay in the rental property at any given time. Investors should be aware of these limits and ensure that they are adhered to.
4. Noise and Nuisance Regulations: Shreveport has noise and nuisance regulations that apply to all properties, including STRs. Investors should be aware of these regulations and ensure that their rental property complies with them to avoid any potential fines or penalties.
5. Taxation: Short term rentals in Shreveport are subject to lodging taxes, which must be collected and remitted to the city. Investors should be aware of these tax obligations and ensure that they are properly collected and paid.
6. Insurance Requirements: Investors should also consider obtaining the appropriate insurance coverage for their short term rental property in Shreveport. This may include liability insurance, property insurance, and possibly additional coverage for short term rentals.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a short term rental in Shreveport before purchasing a property for this purpose. Failure to comply with these regulations could result in fines, penalties, or even the shutdown of the rental property.
Market Trends Over Time
Explore 25 years of market data for Shreveport, LA, 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 Shreveport, LA.
The LTR Genie Score of Shreveport, LA is 47 and STR Genie Score is 63, indicating a moderate and high rating respectively. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0299% and Net ROI of 17.14%. On the other hand, the STR Net ROI is higher at 37.6% with an Occupancy rate of 63.64% and Revenue of 1984. The 1-Year Price Appreciation Forecast is -3.82%.
The LTR Genie Score is lower compared to the STR Genie Score, which suggests that short-term rental investment may be more lucrative in Shreveport, LA. The higher Net ROI and Occupancy rate for short-term rentals indicate a potentially higher return on investment in this market. However, the 1-Year Price Appreciation Forecast being negative may be a concern for long-term investors.
Shreveport, LA is a city known for its diverse economy, with industries ranging from healthcare and education to gaming and manufacturing. The city offers a mix of urban amenities and outdoor recreational opportunities, making it an attractive location for real estate investment.
In conclusion, Shreveport, LA may be more attractive for short-term rental investment due to the higher STR Genie Score and potential for higher ROI. However, investors should consider the negative price appreciation forecast for long-term investment. It may be beneficial to explore a combination of both short-term and long-term rental strategies to maximize returns in this market.
LTR Genie Score 93
$90,000
🛏 4 Beds🛁 2.0000 Baths🏙 1,571 sqft.🏠 SINGLE FAMILY
