The property at 2652 Starr Meadows Loop in Reno offers a promising rental potential. With 4 bedrooms and 2.5 baths, the estimated monthly rent ranges from $2,695 to $2,800. This is based on comparable properties in the area. Given the property's recent renovations, including a luxury kitchen and high-end bathrooms, and its location in the desirable Lakeridge Springs neighborhood, it is well-positioned for strong rental demand. Market conditions in Reno are favorable, with steady growth in rental prices, ensuring a competitive edge. The estimated payback period is relatively short, given the rental potential and market trends.
To maximize rental income, consider enhancing the property's energy efficiency with modern appliances or smart home features. These updates can attract higher-end tenants willing to pay a premium. If considering selling, highlighting recent renovations, the property's views, and its location within a family-friendly neighborhood with community amenities can make it more attractive to potential buyers.