This property in New Haven offers a promising rent potential, with estimated monthly revenue ranging between $2.8K to $3.9K based on comps. The payback period appears reasonable, provided the rental demand remains strong. The waterfront location and modern amenities like granite countertops and a fireplace make it appealing to renters. The growing trend in New Haven's real estate market enhances its attractiveness, though the HOA fee is a consideration.
To boost rental income, consider modernizing common areas and enhancing curb appeal. If selling, focus on showcasing the waterfront views and proximity to local amenities, which are significant selling points. Highlighting these unique features could attract higher offers from buyers seeking premium rental properties.