Rent report generated Dec 10, 2024
The Rent Potential of
15 Orange St Apt 217 New Haven, CT
is $2,398 – $2,398/mo.
Rent Advice
This New Haven condo, located in the vibrant Ninth Square Historic District, offers a 3-bed, 3-bath unit with a unique blend of modern renovations and historic charm. With a potential rental income of approximately $2.4K per month, the total annual revenue is projected around $28.8K. The payback period, given the current market trends and property features, is estimated to be moderate. The neighborhood's proximity to Yale and downtown amenities enhances its appeal, though the HOA fees might be a consideration for potential renters.
To increase rental value, consider enhancing the unit's appeal with additional amenities or modern touches that cater to young professionals or students. If the owner is contemplating selling, emphasizing the property's prime location, historic features, and recent renovations could attract potential buyers. Maintaining the current condition and addressing any minor repairs promptly will ensure its competitive edge in the rental market.
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The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.