This single-family home in Stafford Township, NJ, offers a rental potential between $2,000 and $2,337 per month, based on local comps. With a solid market and neighborhood trends showing steady growth, this property, featuring a garage, hardwood floors, and a fireplace, stands out as a desirable rental in the area. The payback period hinges on purchase price and investment in upgrades, but the market's positive trajectory suggests promising returns. Unique features like a finished basement and energy-efficient appliances add to its appeal, though its single-family nature limits scalability compared to multi-family properties.
To enhance rental value, consider cosmetic updates like modern fixtures and fresh paint, which could push the rent closer to the upper range. If selling is on the table, staging the home to highlight its energy efficiency and cozy features could attract higher bids. Given the market's current state, both renting and selling are viable options, with a slight edge towards renting due to demand for well-maintained homes.