The townhome in Tampa, with 2,408 sqft, offers a promising rental potential. Based on comp data, expected rent ranges from $2,595 to $3,860 monthly. This translates to $31.1K - $46.3K annually. Given the property's estimated value of $412K, the payback period ranges between 8.9 to 13.2 years. New Tampa's favorable market trends, coupled with the townhome's modern features and desirable neighborhood, support this property's high rental potential. Challenges might include market saturation.
To enhance rental value, consider modernizing interiors or adding amenities like smart home features. If contemplating a sale, highlight the property's location in New Tampa and its proximity to amenities and schools. Ensuring the property is well-maintained can secure top dollar. For potential investors, this property presents a sound investment with room for value appreciation and income growth.
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Current Specs
4 Bed / 3.5 Bath
2,408 sqft
Townhome
Built in 2013
Frame/Masonry construction
Asphalt/Composition Shingle
Rent Comps
$2,395
$3,525
$4,500
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
8 Listings
4 Bed / 3.5-4 Bath
2,400 - 2,961 sqft
Within 7.5 mi
Avg. Monthly Rent$3,376
High-end comps
These are the highest-priced comps in the market. They demonstrate the price range for renovated homes with new finishes and modern appliances.