The property at 2370 San Marcus Ave in Dallas, with its charming 3-bedroom, 1.5-bath layout, presents a solid rental opportunity. Considering comps, potential monthly rents range from $1.7K to $2.2K. Given the current market and neighborhood trends, the property is well-placed in an area with a median listing price near $295K. Its corner lot and proximity to amenities enhance appeal, though its age may demand updates to maximize rental income. Expect a payback period of around 12-15 years based on current rental income estimates.
To increase rental value, consider modernizing the interiors, such as updating the kitchen and bathrooms, which could push rents closer to the upper estimate. If selling is on the horizon, these enhancements could also boost the property's market value. Marketing the spacious lot and its potential for outdoor activities could attract prospective tenants or buyers looking for versatile space in a growing area.