Based on the comp data provided, the rent potential for this single-family property in Arvada ranges between $1,915 and $2,350 per month. Considering the area's steady market conditions and the property's features, such as its three bedrooms and single-story layout, the estimated payback period could be attractive to investors. The neighborhood trends show a growing demand for rental properties, making it a promising investment. However, the property's age might require some updates to maximize rental income.
To enhance the property's rental value, consider modernizing the interior, especially the kitchen and bathroom. Adding energy-efficient appliances and updating the heating system could also attract higher-paying tenants. If you're contemplating selling, enhancing curb appeal and highlighting proximity to local amenities can boost potential offers. Such improvements can significantly increase appeal in a competitive market.
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Current Specs
3 Bed / 1 Bath
1,035 sqft
Single-Family
Built in 1950
Prefab Metal construction
Rent Comps
$1,595
$2,100
$2,595
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
5 Listings
3 Bed / 1-1.5 Bath
900 - 1,100 sqft
Within 2.1 mi
Avg. Monthly Rent$1,834
High-end comps
These are the highest-priced comps in the market. They demonstrate the price range for renovated homes with new finishes and modern appliances.