Based on the comp data, this 3-bed/1.5-bath single-family home in Newport could generate monthly rental income between $1,227 and $1,461, yielding annual revenue of $14.7K to $17.5K. With Newport's rental market showing a 4.8% increase in rent prices over the past year and a tight 0.9% vacancy rate, demand appears strong. The property's 1,400 sqft layout in an area where 2-bedroom units dominate (53% of market) positions it well for families seeking extra space. The brick exterior and ranch-style construction offer durability advantages that can reduce maintenance costs.
Consider strategic updates to maximize rental potential, particularly in the kitchen and bathrooms which typically deliver the highest ROI for rental properties. Installing modern appliances, refreshing cabinetry, and updating fixtures could justify rent at the higher end of the range. The property's location on Delaware Avenue provides good accessibility, and highlighting this in marketing materials would appeal to commuters. If selling, timing the market wisely could be advantageous given Newport's competitive housing market where homes are selling for about 3% above list price.