Rent report generated Jan 5, 2025
The Rent Potential of
4039 Erby St Houston, TX
is $2,925 – $3,450/mo.
Rent Advice
The property at 4039 Erby St, Houston, has a promising rent potential. With three units and a rent range of $2925 to $3450 per month, the total potential revenue can range from $35K to $41K annually. The estimated payback period based on a net operating income of $21.6K is around 13.4 years, considering the asking price of $290K. The neighborhood shows stable market conditions with a strong demand for multi-family units. Upgrades like granite countertops and new flooring enhance its appeal, though the single bathroom per unit may limit rental potential slightly.
To increase rental income, consider converting the floor plan to add an additional bathroom if feasible. This could make the units more competitive and raise rent potential. For those considering selling, maintaining the property's current condition is crucial as it aligns with modern rental expectations. Market the property's strong rental yield and recent renovations as key selling points.
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