The property, a modern 4-bedroom townhome in Frederick, MD, offers a potential rental revenue ranging between $2,600 and $2,900 monthly, translating to an annual revenue of approximately $31.2K to $34.8K. With current market conditions in Frederick being fairly robust, the estimated payback period could be favorable, particularly given the property's desirable location in the Monocacy Park neighborhood. Unique features like the 4th-story loft and rooftop balcony enhance its rental appeal, though the HOA fees are a consideration.
To boost rental potential, consider cosmetic enhancements like upgraded fixtures or smart home technology. If selling is on the table, emphasizing the modern design and proximity to amenities could attract buyers. Addressing any minor repairs or updates can also make a significant difference in perceived value and rental desirability.