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$660,000

Sold
244 Gomes Ct Apt 2, Campbell, CA 95008
2 Beds
1 Bath
903 Square Feet
0.01 Acres Lot
Built in 1971
Sold
Units n/a
Checked: 9 hours ago
Updated: Aug 14, 2025 at 04:21AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,764
Cap Rate
2.9%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.5%

Property Description


0.01 Acres Lot
Built in 1971
Sold
Units n/a

Ideally located in the sought-after Hamilton Downs complex, this beautifully remodeled 2-story, 2-bedroom, 1-bathroom townhouse-style condo sits at the end of a peaceful cul-de-sac, adjacent to a sprawling greenbelt and just steps from the community pool and clubhouse. Nestled in the heart of Campbell, its mere moments from the vibrant shops and restaurants of downtown Campbell and the Pruneyard. Inside, you'll find a thoughtfully updated interior featuring a stylish kitchen with granite countertops, stainless-steel appliances, and a generous pantry. The spacious bathroom has been tastefully remodeled with a new tub, designer tile, and a modern vanity. Additional highlights include dual-pane windows, upgraded doors, fresh moldings, and wide-plank laminate flooring throughout. Central heating and air conditioning, newly installed in 2021, to ensure year-round comfort. The home includes a covered carport with ample storage and plenty of street parking. With its prime location and turn-key condition, this home offers the perfect combination of style, convenience, and community living.

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Location


Property Details


Parking

  • Description: Carport
  • Details: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Hamilton Downs
  • HOA Fee: $566/monthly
  • Additional Association: Hamilton Downs

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 27936206
  • Lot Size: 450 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1971

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Santa Clara

Listing Details


Listed by:
Ric Parker
Coldwell Banker Realty
(408) 398-0054

Source:
bridgeMLS
MLS#: ML82008646
bridgeMLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$1,764
Cap Rate
2.9%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.5%

Purchase Details

Find an Agent

Purchase price:
$660,000
Amount financed:
-$528,000
Down payment:
$132,000
Closing costs:
$19,800
Rehab costs:
$0
Initial cash invested:
$151,800
Square feet:
903
Cost per square foot:
$731
Monthly rent per square foot:
$3.43

Financing Details

Find a Lender

Loan amount:
$528,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$3,337
Property tax:
$0
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,554

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (18%)
18%-$566-$6,792
Total operating expenses: (43%)
43%-$1,341-$16,092

Cash Flow


Monthly Yearly
Net operating income:
$1,573 $18,876
Mortgage payments:
-$3,337 -$40,044
Cash flow:
$1,764 $21,168