Charming on the Outside and Rental on the Inside

June 1, 2017
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Great curb appeal and location on this turn of the century built bungalow. The entry leads to a very large and open living/dining area which continues on towards the kitchen at the back of the house. There are 3 good sized rooms on the main level as well and a large flex space in the upstairs attic area. 

The charming character of this home is very evident on the exterior, but I feel it lacks some of that same character as you go inside. I was expecting to see at least a little bit of the olden days in this home but couldn’t find much that seemed original in this home, which could be good or bad depending on how you look at it. The home had the feel of a rental and does provide plenty of space as a rental, although it seems most likely used as a rental for unrelated individuals. 
The numbers on this home might not work out as a rental at the current price as I estimate you would have to rent it for $2200 or more to cashflow on the property, which may be hard to do if you are staying legal and only renting to 3 unrelated individuals. I feel like this one will eventually sell to an investor in the low $400’s probably close to the $425-$435K mark. 

This property is Listed by TD Real Estate LLC