This 3-bed, 2.5-bath property in Riverside's desirable Lake Hills neighborhood offers solid rental potential. Based on comp data, monthly revenue ranges from $3,095-$3,400, yielding approximately $37,140-$40,800 annually. With a purchase price of $739K, the payback period is roughly 18-20 years before accounting for expenses. The property benefits from its cul-de-sac location, community amenities (pool, clubhouse), and upgraded kitchen with granite countertops. The large backyard, high ceilings, and master suite with retreat area further enhance rental appeal in this family-friendly neighborhood.
To maximize rental income, consider converting the master retreat area into a 4th bedroom, which could boost monthly rent by $200-300. Update bathrooms with modern fixtures and consider installing smart home features like programmable thermostats and keyless entry. While the property is well-maintained, fresh exterior paint and professional landscaping would enhance curb appeal. If the current owner decides to sell, they should highlight the property's income potential, low HOA fees, and proximity to parks, schools, and freeway access.