Depending on the area of Santa Clara/River Road, you may find yourself competing with a higher vacancy rate and supply (for instance along Helen St, Division, Autumn, and Jasmine; a neighborhood of duplexes) which may cause a bit of "rent control" in the neighborhood. ?That area has been renting for around ~$950-$1050 for a 3 bedroom unit.
If you're interested, any Realtor in the area can provide a quick comp-check of past sales in the area that had published rental amounts in the MLS system as well. ?
The other option of course would be to turn the property over to a professional Property Manager that has a good track record in the 97404-area.
Hope that helps!
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