The property at 7 Orland St in Milford offers significant rent potential, especially given its 4-bedroom layout and prime Bayview Beach location. Current comp data shows average Milford rents range from $2,350 to $2,500 for similar-sized homes, but four-bedroom properties—particularly with water views—can fetch higher rates. In Woodmont, comparable four-bedroom homes average around $3,591 monthly, and houses in the area are generally renting for $3,000 to $4,200. Assuming a realistic monthly rent of $3,500–$3,900, annual gross revenue could reach $42K–$47K. With a list price of $650K, your payback period (excluding expenses) is roughly 13–15 years. Milford's rental market remains strong, with low vacancies and a warm rental climate. The property's private beach access, elevator, and water views boost its desirability and rent ceiling, though the single bathroom may be a limiting factor for families or groups. The 1932 build year suggests possible maintenance or modernization needs, but its proximity to the beach and the vibrant local tourism scene are unique selling points.

To increase rental value, consider adding a second bathroom or upgrading fixtures to appeal to larger families or higher-end tenants. Enhancing outdoor spaces—like the deck—and marketing the beach rights and water views can also justify premium rents and attract short-term vacation renters. If selling, highlight the property's rare coastal access, elevator, and four-bedroom capacity, positioning it as a turnkey investment for both long-term and short-term rental strategies. Pricing should reflect both the strong local demand for beach-area rentals and the potential for above-average seasonal income.