The property's rent potential ranges from $1,950 to $2,295 per month, based on similar properties in the area. With three bedrooms and two-and-a-half baths, it appeals to families and professionals. The estimated payback period can be gauged by comparing the potential annual rental income ($23.4K to $27.5K) against the property's value of approximately $293K. Humble, TX, has a stable rental market, with features like a private yard and community pool enhancing its appeal. However, as a single-family home, renting to multiple tenants may be less feasible.
To increase rental value, consider updating the interior with modern finishes and energy-efficient appliances. Enhancing curb appeal with landscaping improvements could also attract higher-paying tenants. If the owner is contemplating selling, highlighting the property's proximity to amenities and its family-friendly features could be key selling points. Additionally, addressing any maintenance issues and showcasing the community's growth potential could further appeal to potential buyers.