This 2-bed, 1-bath, 850 sqft apartment at 1100 Governors Dr, Winthrop, is well-positioned for strong rental potential. Based on comps and current market data, monthly rent should fall between $2,600 and $3,000. Annual gross revenue is thus in the $31K–$36K range. Payback period, using the $582K valuation and projected rent, lands around 16–19 years before expenses. Winthrop’s rental market is cooling slightly but remains highly competitive, especially for updated units near Boston. Property perks—pool, gym, parking, and included utilities—boost renter appeal. The main challenge: the market is price sensitive, so maximizing value through modern finishes and amenities is key.
To increase rental value, consider small upgrades: refreshed flooring, in-unit laundry (if possible), and smart home features. Highlight the all-utilities-included angle and proximity to transit and beaches in marketing. For potential sellers: maintain the property well, keep common areas sharp, and monitor local rent trends. If selling, emphasize the low-maintenance lifestyle, amenities, and strong rental comps in the building and neighborhood.