This 2-bed, 2-bath, 1,600 sqft Cape Cod home in New Preston Marble Dale offers a strong rent range, with comparable 2-bed listings nearby going for $3,800 to $6,000/mo. One similar comp (88 E Shore Rd, 2bd/1ba, 1,279 sqft) recently listed at $5,500/mo, suggesting the upper end is realistic for updated, character-rich homes. At $3,800–$6,000/mo, annual gross income could hit $45.6K–$72K. Estimated payback on the current $399K price is 5.5–8.7 years (excluding taxes, vacancy, and maintenance)[2]. The neighborhood is supply-constrained and desirable for seasonal/long-term tenants, with strong home value appreciation and low rental inventory[2][4][5]. This property’s unique architectural features and contemporary flair are attractive, but lack of central cooling and limited parking may impact some renters.
Investors should consider upgrading with energy-efficient mini-split cooling and sprucing up outdoor amenities (deck, landscaping) to target higher-paying tenants. Furnished rentals or seasonal leasing could push rates to the top end, given the area’s demand for weekend and summer retreats. If selling, highlight the vaulted ceilings, open floor plan, and recent updates. Addressing parking solutions (like formalizing gravel spots) will add value for both renters and buyers.