The property at 59 S Claremont Ave in San Jose, with its 2 beds and 1 bath, offers a promising rental potential. The estimated rental income ranges from $2,595 to $3,033 per month, based on local comp data. Given these figures, the annual revenue could range from $31K to $36K. Considering the current market conditions in East San Jose, which is experiencing a hot housing market, the payback period could be attractive if the property is acquired at a competitive price. The property's features, including a fireplace and a pool, enhance its appeal to potential tenants, although the property's age (built in 1938) may pose some maintenance challenges.
To maximize rental income, consider modernizing the kitchen and bathroom, which often yield higher returns. Upgrading energy efficiency features like windows and insulation could also entice renters and reduce utility costs. If selling, highlight the property's location in a hot market and its unique features, like the pool and fireplace, to attract buyers. Addressing any maintenance issues upfront could also facilitate a smoother sale process.