This 3-bed, 2-bath, 1,451 sqft single-family home in North Riverside offers a projected rent range of $2,600–$3,162 per month, based on comps for similar properties in the area. That translates to $31.2K–$38K in annual gross revenue. At a $450K list price, the estimated payback period sits around 12–14 years, not accounting for expenses. The local market is hot, with low vacancy and steady rent growth, especially for well-located homes near parks and amenities. Property highlights like a cul-de-sac lot, two-car garage, and proximity to Mt. Rubidoux add appeal, though 'fixer' status means updates are needed to maximize returns.
To boost rental value, invest in cosmetic upgrades: fresh paint, modern flooring, and updated kitchens/baths will attract quality tenants and justify top-of-market rent. Consider adding in-unit laundry or energy-efficient appliances as value-adds. If contemplating a sale, highlight the property’s location, lot size, and renovation potential—these are strong draws for investors seeking upside. For buy-and-hold investors, this property is well-suited for stable, long-term rental income, especially after improvements.