This property at 93 Colonial Ave is a fully renovated 5-bed, 4-bath Colonial in Larchmont’s highly desirable Murray Avenue School district. Based on recent comp data and the size/condition of neighboring homes, estimated rent potential ranges from $9,500 to $12,750 monthly. That’s $114K–$153K annually. At a $2.14M valuation, this puts the payback period between 14–19 years, pre-expenses. The area commands premium rents due to top-rated schools, walkability, and strong demand for large single-family homes. Unique features like the open plan, office space, new kitchen, and proximity to village amenities further boost appeal. High taxes (over $33K/year) and major flood risk are notable challenges, but luxury rental demand remains robust in this market.

To maximize rental income, consider adding luxe touches—smart home tech, high-end appliances, and landscape upgrades. Market to families seeking top schools and easy village access. If selling, highlight the extensive renovations, walk-to-train location, and Murray Ave School assignment. Staging and professional photography will further differentiate from the competition. Address flood insurance requirements proactively to reassure buyers or tenants.