This Akron single-family home with two bedrooms and one bath offers potential rental revenue ranging from $863 to $1,100 per month, based on local comps. The estimated payback period could be around 12-15 years, given the projected rental income and current market trends. Akron's market is stable with increasing demand for affordable rentals. The property's new updates, including metal roofing and siding, central air, and a scenic wooded lot, enhance its appeal, though nearby commercial properties might pose a slight challenge.
To maximize rental income, consider additional interior updates, such as modern lighting and smart home features. For potential sellers, highlighting recent renovations and the spacious wooded lot can be compelling selling points. Enhancing curb appeal with landscaping could further attract renters or buyers. Engaging a local real estate agent to gauge current market dynamics in Akron is advisable for a targeted strategy.