Rent report generated Dec 13, 2024
The Rent Potential of
237 Summit Ave Hagerstown, MD
is $1,095 – $1,150/mo.
Current Specs
2 Bed / 1 Bath
800 sqft
Townhome
Built in 1910
Rent Comps
$1,025
$1,095
$1,250
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
5 Listings
2 Bed / 1 Bath
800 - 900 sqft
Within 0.8 mi
Avg. Monthly Rent$1,123
Rent Advice
The property at 237 Summit Ave in Hagerstown, Maryland, presents a compelling opportunity in a neighborhood with historic appeal. With an estimated rent range of $1,095 to $1,150 per month, annual revenue could approximate $13,140 to $13,800. Given the list price of $140K, the estimated payback period, excluding maintenance and other costs, would be about 10 to 11 years. The neighborhood's historic charm adds unique appeal, though the property's age might present maintenance challenges.
To enhance rental value, consider modernizing amenities like kitchen appliances or adding energy-efficient features. If contemplating a sale, highlight the property's location in Historic Heights and its proximity to downtown Hagerstown. Addressing any structural or cosmetic updates could also boost appeal and value. Marketing this property with its historical charm and potential for rental income might attract investors interested in long-term gains.
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.