This single-family home in Coral Springs, with its spacious 2,356 sqft and three bedrooms, is situated in a desirable neighborhood. With rental comps ranging from $3,200 to $3,900 monthly, the potential revenue is roughly $38.4K to $46.8K annually. The property’s construction and neighborhood appeal contribute positively to its rental potential. Current market trends in Coral Springs suggest a stable rental demand, which should allow for a reasonable payback period when considering typical investment strategies.
Enhancements like modernizing the kitchen and bathrooms could significantly boost rental value. Given the competitive market in Coral Springs, these improvements might raise rent potential above the current $3,900 ceiling. If the owner is contemplating a sale, emphasizing the property’s location and potential for customization can attract interested buyers, especially investors looking for high rent yield.