Based on comps and market data, this duplex at 221 Reese St is likely to achieve monthly rents between $1,960 and $2,400. Each 2-bed unit should command $980–$1,200, reflecting local averages for multi-family properties in Sandusky. With annual gross revenue projected around $23.5K–$28.8K, the estimated payback period (excluding expenses) ranges from 4.5 to 5.5 years, given the $129K valuation. The neighborhood shows steady rent growth and strong demand for spacious rentals, especially for families and groups. Features like laundry in-unit, private entrances, and a fenced yard add to tenant appeal, but cosmetic updates could further boost rent. The age (1930 build) and lack of modern amenities might pose small challenges for top-tier rents.

To maximize rental value, focus on cosmetic improvements—fresh paint, updated flooring, and minor kitchen/bath upgrades. Highlight the separate entrances and fenced yard in marketing materials. If selling, consider listing after improvements to capture buyers seeking turn-key cash flow. For long-term hold, keep units well-maintained and target tenants who value privacy and in-unit laundry. Don’t overlook Airbnb potential for larger groups, given Sandusky’s vacation market. Is the backyard big enough for a play area or outdoor seating? That could be a game-changer.