The property at 6302 NW 104th Path is a multi-level townhome with four bedrooms and 4.5 baths, offering a luxurious and spacious living environment. Situated in Medley, Florida, this townhome is in a neighborhood with steady rent demand. With a rental potential ranging from $10K to $20K per month, the estimated annual revenue could reach $120K to $240K. Given the property's last sold price of $555K, the payback period could be around 5-10 years, depending on rent stabilization. The modern amenities, including a community clubhouse, pool, and security features, significantly enhance its attractiveness to potential tenants. However, the HOA fee of $146 monthly might be a minor deterrent.
For an increase in rental income, consider minor renovations to modernize interiors or enhance the outdoor space, which could attract higher-paying tenants. If selling, highlight the strategic location and community features. Given the strong market conditions in Medley and the property's rental potential, it's a prime time to capitalize on its current value. A slight price adjustment could also appeal to a broader investment audience, ensuring a competitive edge.