The property on Feltz Ave in Cincinnati, with 3 beds and 1 bath, offers a promising rental range of $1,500 to $1,695 per month. Given the neighborhood's median listing price of about $200K, this single-family home's rental potential is quite competitive. With a valuation near $197K, an estimated payback period through rental income could be approximately 10-12 years. Westwood's steady market conditions and the home's charming features, like a fireplace and central cooling, add to its appeal, though the older construction may be a minor challenge.
To enhance rental income potential, consider some strategic upgrades such as modernizing the kitchen and bathroom, and updating appliances. Improving curb appeal with fresh landscaping could also attract more tenants. If selling is an option, investing in these updates could significantly increase market value, making it a more attractive proposition for potential buyers seeking a rental property.