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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,725
$2,638
Appreciation
7.29%
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Job Growth
0.03%
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Population
118,578
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The LTR Genie Score of Wilmington, NC is 77 and the STR Genie Score is 70, indicating a high level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0634% and the 1-Year Price Appreciation Forecast of 2.68% suggest steady growth in rental prices and property values. The LTR Net ROI of 24.6% and STR Net ROI of 30.62% demonstrate strong returns on investment for both rental strategies.
The STR Occupancy rate of 57.14% and STR Revenue of 2638 further support the attractiveness of Wilmington, NC as a market for short-term rental investments. However, the slightly higher LTR Genie Score compared to the STR Genie Score may indicate that long-term rental properties could potentially offer more stable and consistent returns in this market.
Wilmington, NC is a coastal city known for its historic downtown area, beautiful beaches, and vibrant arts and culture scene. The city's growing population and strong economy make it an attractive location for real estate investors looking to capitalize on both long-term and short-term rental opportunities.
Overall, Wilmington, NC appears to be a promising market for both long-term and short-term rental investments. Investors may want to consider diversifying their portfolio by investing in a mix of both rental strategies to take advantage of the city's strong rental market and potential for property appreciation.