How much update to do on HOT rental market?

[Red Peterson]

I have a condo thats almost paid off that i wan to rent out; 3BR 3Ba. Our area is well sought for rent/purchase. The property needs:

New carpet (or should i do laminate?)

Windows can use upgrading (not airtight)

Bathroom is dated (plan to replace toilet and sink, and paint walls)

Has a small rip in one of the screendoors

Kitchen sink needs to be replaced

Counter has water damage (raised on some areas instead of flat)

I was thinking do minimal update only the flooring, sink, and toilet and rent slightly lower than the going rate for rental properties in our area. Like $150-200 less. Is this a good idea? First time to rent out a property.

Thanks!