Rent report generated Jan 25, 2025
The Rent Potential of
77 Shadow Lake Rd Salem, NH
is $3,090 – $4,000/mo.
Rent Advice
This single-family home in Salem, NH, with its 3 bedrooms and 1.5 baths, offers a cozy 1,426 sqft living space. With a rent potential ranging from $3,090 to $4,000, based on comparable properties, the total monthly revenue is promising. Given the current market conditions and neighborhood trends favoring waterfront properties, this home’s location on Shadow Lake is a strong selling point. The estimated payback period is favorable, considering the high demand for rentals in this area. However, being a single-family home, the challenge lies in maximizing the rental income potential.
To enhance the rental value, consider updating the interior finishes and modernizing the kitchen and bathrooms. These improvements can significantly boost the property’s appeal and justify higher rent. If considering selling, emphasize the lakefront location and the potential for rental income in your marketing strategy. Highlighting the peaceful neighborhood and access to recreational activities can attract both investors and potential homeowners.
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