The property, located in Collierville, Tennessee, boasts a spacious 2,442 sq ft, three-bedroom, two-bathroom setup. With rental rates in the area ranging from $1,895 to $2,140 per month, the total potential annual revenue could range from $22.7K to $25.7K. Given current market conditions and trends, Collierville is experiencing steady growth, making it an attractive location for rentals. The two-story design and central heating are advantageous, though the lack of modern amenities could be a slight drawback.
To boost rental income, consider modernizing the kitchen and bathrooms, as these are key selling points for potential renters. Adding energy-efficient appliances and updating fixtures can enhance the property's appeal. For owners contemplating selling, now could be an opportune time, given the upward trend in property values in Collierville. Enhancements could facilitate a quicker sale at a higher price point.