The Rent Potential of 1610 Purdue Ave St. Louis, MO is $1,375 – $1,945/mo.
Rent Advice
This 4-bed, 1-bath single-family home in St. Louis shows promising rent potential. With comps suggesting a monthly range of $1,375 to $1,945, we're looking at annual revenue between $16.5K and $23.3K. The Highland View neighborhood, while not top-tier, offers a decent location. The property's spacious 1,496 sqft and recent kitchen updates are definite pluses. However, the single bathroom might be a sticking point for some renters. The low price-to-rent ratio hints at a relatively quick payback period, making this an intriguing investment opportunity.
To boost rental appeal, consider adding a second bathroom - it could significantly increase the property's value and rental potential. Upgrading to energy-efficient appliances might also justify higher rents while reducing utility costs. For the current owner, if selling is on the table, highlighting the property's rental income potential could attract investors. The recent kitchen updates are a great selling point, but addressing any deferred maintenance would be wise before listing. Maybe spruce up that porch for some extra curb appeal?
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.
Current Specs
4 Bed / 1 Bath
1,496 sqft
Single-Family
Rent Comps
$777
$1,550
$1,995
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.