The property at 4635 Monticello St in Beaumont offers a potential monthly rental revenue ranging from $2,495 to $3,300. Based on the current market conditions, the estimated payback period for this investment is approximately 8-10 years. This area is experiencing a steady demand for rental properties, and the property's features like central air, energy efficiency, and a prime cul-de-sac location enhance its appeal. However, being a single-family home could limit the multi-family potential.
To increase rental income, consider modernizing the kitchen and bathrooms, as these are key attractions for renters. Enhancing curb appeal with landscaping could also boost interest. If selling is on the agenda, positioning the property as move-in ready with these updates could attract a higher selling price. Highlighting the neighborhood's quiet appeal and proximity to amenities can also be a strong selling point.