The property at 9404 Red Oak Ln in Edmond, Oklahoma, with its 3-bedroom, 2-bath layout and a generous 2,162 sqft, offers strong rental potential. Based on comparable data, the monthly rent could range from $1,795 to $2,500. This translates to an annual revenue of approximately $21.5K to $30K. Edmond's real estate market is stable, with a growing demand for single-family homes. The property's secluded setup and recent upgrades enhance its appeal, though the older construction might require ongoing maintenance.
To boost rental income, consider modernizing the kitchen and bathrooms further, as these are key areas for renters. Additionally, enhancing the curb appeal with landscaping could attract more interest. If selling is on the horizon, highlighting the property's privacy, large lot, and proximity to top-rated schools can be effective selling points. These improvements can also increase the property's value and shorten the payback period for investors.