First Time Setting Rental Rate - Single Family Home Portland, OR

[Carrie Rude]

We are landlord newbies listing our very first rental property this week. We are in a time-crunch to get our current residence, a single-family home, under a lease agreement as a contingency to purchase our next residence (which is already under contract). It is critical that we set our rent rate competitively to secure a tenant within a couple weeks. From what we hear from fellow landlords in the area, there is high demand for rentals, so homes that are well-priced are going quickly.

This is the address: 4726 NE 89th Ave Portland, OR 97220.

Brief description: "Charming 1920s bungalow includes 4 bedrooms and 2 full baths with tasteful updates that combine classic features and modern amenities. The main floor includes an open living/dining/kitchen area, two bedrooms, and a full bathroom. Special touches include hardwood floors, arched doorways, decorative molding, granite counters, and stainless-steel appliances. The fully-finished basement provides lots more living space with a family room, two additional bedrooms, and the second full bathroom - complete with washer/dryer. The lower level has durable vinyl-plank flooring and plenty of natural light with egress windows. A bonus "mud room" area at the back of the house features french doors leading to the stamped concrete patio in the fully-fenced backyard. The private outdoor space includes mature trees, planting beds, and storage shed. The paved driveway provides off-street parking and is long enough for two vehicles. This gem is conveniently located in a nice neighborhood near The Grotto and Rocky Butte, I-205 and I-84 for commuting, and close to groceries, restaurants, and coffee shops."

We are working on getting high quality photos, but it's challenging since we are currently living in the home with our 3 children and dog. I will include the exterior ones we have for now.

Rent-ometer says $2,520 average. What do you recommend?

Any advice is appreciated!