This single-family home in Coral Creek, Coral Springs offers strong rent potential, with market comps showing a range of $3,950 to $5,940 per month for similar properties. Given its 4 beds, 3 baths, and 2,356 sqft, it sits above the average local rental and could attract families seeking more space. Annual gross revenue ranges from $47K to $71K. Estimated payback period, based on current valuations near $700K, falls between 10 to 15 years. The neighborhood boasts a high median listing price and stable demand. Features like modern construction (1995), solid CBS build, and potential pool appeal to renters looking for quality and amenities. The main challenge is the overall coolness of the rental market, meaning longer vacancy risk, but the property’s size helps offset this.
To maximize rental value, consider cosmetic upgrades: fresh paint, updated lighting, and kitchen/bath remodeling can command top-of-market rent. Adding smart home features or optimizing the backyard (e.g., enhancing pool usability) could further raise appeal. If selling, highlight the home’s spacious layout and the neighborhood’s prestige. If holding, keep maintenance sharp to stay competitive and minimize vacancy in a market where demand is steady, but not overheated.