Rent report generated Dec 17, 2024
The Rent Potential of
121 Wofford St Woodruff, SC
is $1,200 – $1,200/mo.
Rent Advice
The property at 121 Wofford St in Woodruff, SC, offers a stable rental potential with a consistent monthly rent estimate of around $1,200. Given its 3-bedroom structure and recent renovations, this single-family home holds appeal for families and professionals alike. With market conditions in Woodruff showing steady demand and proximity to key locations like the new BMW facility, the property is well-positioned. However, being a single-family unit, the total revenue is limited compared to multi-unit properties. The payback period would depend on the purchase price and any financing arrangements, but with a rental income of $14.4K annually, investors might see a return over several years.
To enhance the property's value, consider modernizing the kitchen and bathroom features or potentially adding energy-efficient appliances. For the current owner considering a sale, highlighting the proximity to Spartanburg and Greenville, and the recent renovations in marketing materials can attract potential buyers. Exploring options for short-term rentals could also capitalize on the area's transient workforce due to nearby industrial developments.
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