The property at 401 Michelle Dr in Washington, Missouri, with 3 bedrooms and 3 bathrooms, offers a stable rental potential of approximately $2,150 monthly, based on the provided comp data. Given the current market conditions and neighborhood trends in Washington, MO, the rental potential seems solid. The property's features, such as a three-car garage, updated kitchen, and sizable lot, enhance its appeal. However, as a single-family home, the investment's payback period might extend beyond typical multi-family properties.
To increase the property's appeal and potential rental income, consider minor interior upgrades, such as modernizing the bathrooms and adding energy-efficient appliances. If considering selling, the owner should highlight the property's unique features like the large garage space and private backyard. As a single-family home in a stable market, a strategic pricing approach will attract potential buyers or renters.