This property, located in the Hillen neighborhood of Baltimore, demonstrates promising rental potential with an average rent estimate ranging between $949 and $1133 per month for a one-bedroom unit. Factoring in the current market conditions, which indicate stability in rental demand, and neighborhood trends, the payback period appears reasonable. The property's features, such as its proximity to amenities and public transportation, enhance its appeal to potential tenants. A challenge to note might be the competitive rental market in Baltimore.
To maximize rental income, consider upgrading the unit's amenities, such as modern appliances or in-unit laundry, which can justify a higher rent. For the current owner contemplating selling, enhancing curb appeal and ensuring the property is well-maintained can attract higher offers. These improvements can also increase tenant satisfaction, reducing vacancy rates.