This property in Edinburgh, IN offers potential for rental income, with estimated monthly rent ranging from $695 to $1,135. The low purchase price of $19,900 suggests a high potential return on investment. However, the property's condition is described as a 'fixer-upper', indicating significant renovations may be needed. The single-story, 1-bedroom layout may limit rental appeal.
Consider a thorough inspection to assess renovation costs before purchasing. Focus on essential updates to make the property rentable quickly. Given the low purchase price, even moderate improvements could significantly increase rental potential. Target budget-conscious renters or explore the possibility of Section 8 housing to ensure steady occupancy.