The property at 3308 Landess Ave Apt A in San Jose, with its three bedrooms and 1.5 baths, offers a strong rental potential. Based on the provided comp data, the estimated monthly rent ranges from $3,200 to $3,750. This translates to an annual revenue potential between $38.4K and $45K. The payback period could vary depending on the purchase price and other operational costs, yet it could be attractive in the current market. The neighborhood of Berryessa/Morrill is seeing a steady rise in demand, making it a desirable location. The townhome's features like hardwood floors and proximity to amenities add to its rental appeal, while the HOA fee is a cost consideration.
To boost the property's rental value, consider minor renovations such as updating the kitchen and bathrooms, or enhancing curb appeal with landscaping. These improvements can justify a higher rent within the competitive market. If you're thinking of selling, highlighting the property's proximity to tech campuses and shopping centers can attract potential investors. It's a good time to capitalize on the market's upward trend, particularly in sought-after areas like San Jose.