The property at 311 Live Oak Ave, Temple Terrace, FL, is a charming single-family home with significant rental potential. Given the average rental range from $2,095 to $2,300, the property could generate an annual revenue between $25K and $27.6K. Considering the neighborhood's steady growth and proximity to amenities, the payback period appears favorable. Key features like hardwood floors and a spacious layout enhance its appeal, though the property's age might pose maintenance challenges.
To increase rental value, consider modernizing the kitchen and updating bathrooms, as these spaces significantly impact tenant interest. Energy-efficient upgrades can also attract eco-conscious renters. If contemplating a sale, capitalizing on the property's vintage charm while highlighting recent updates can be advantageous. Ensuring the property is well-maintained will appeal to both renters and potential buyers, maximizing its market value.