For this 2-bed, 1-bath, 973 sqft condo at 118 Heritage Dr, current market comps in Northbridge suggest a monthly rent potential between $1,827 and $2,000, with most two-bedroom units in the area averaging $1,500–$1,960/month[1][2][4]. Annual gross revenue is likely in the $22K–$24K range. With a valuation near $278K, the estimated payback period based solely on rent is roughly 12–13 years, before expenses. The neighborhood is stable, with modest rent growth (about 1%/yr) and a high demand for affordable, well-maintained condos[1][5]. This unit’s efficient layout, in-unit laundry, and proximity to top schools are definite draws. A potential challenge: newer townhomes nearby with larger footprints may command higher rents, so value positioning is key.

To maximize rental value, consider cosmetic updates—fresh paint, modern lighting, or new flooring can make a strong impression. If possible, add or improve amenities such as dedicated parking or energy-efficient appliances. For owners thinking of selling, highlight the turn-key nature, low taxes, and recent rental growth in Northbridge. Target both local investors and out-of-town buyers seeking stable, low-maintenance income properties.