1238 97th AveOaklandCA94603
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Oakland at 1238 97th Ave, Oakland, CA, 94603 offers a 9.51% rental yield on a $559,000 purchase with $4,432/mo rent. Total monthly income registers $4,432/mo, and a $2,736/mo payment leaves $974/mo available for distribution. Annual cash flow reaches $11,687/yr on $183,911 to close, and return on cash invested stands at 26.42% in year one. Equity gained on principal adds $3,607/yr while 5% annual appreciation supports $154,441 over five years. Portfolio math shows five-year ROI at 137.69% and total cumulative return in cash at $253,227. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,432/mo property income against a $2,736/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94603, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,268 (100%) |
| Owner Occupied HU | 4,589 (44.7%) |
| Renter Occupied HU | 5,232 (51.0%) |
| Vacant Housing Units | 447 ( 4.4%) |
| Median Home Value | $585,461 |
| Average Home Value | $667,978 |
Housing Distribution
Address Breakdown
Residential
10,295
Single Family
8,385
Multi-Family
1,910
Businesses
605
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Listed by: Donna Vu • VU REALTY & FINANCIAL
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls ID: #41122217