1502 56th AveOaklandCA94621
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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
Rental property for sale in Oakland at 1502 56th Ave, Oakland, CA, 94621 generates $3,629/mo in rent and, after a $2,442/mo payment, leaves $542/mo in cash flow. Total monthly income is $3,629/mo, and annual cash flow is $6,509/yr on $165,419 invested. Return on cash invested sits at 23.84% in year one, and rental yield is 8.73% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 123.94% and total cumulative return in cash sums $205,026. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,629/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94621, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,383 (100%) |
| Owner Occupied HU | 3,249 (31.3%) |
| Renter Occupied HU | 6,555 (63.1%) |
| Vacant Housing Units | 579 ( 5.6%) |
| Median Home Value | $548,950 |
| Average Home Value | $667,114 |
Housing Distribution
Address Breakdown
Residential
9,630
Single Family
7,510
Multi-Family
2,120
Businesses
1,867
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Listed by: Peter Ly • Exp Realty Of California, Inc
Mls Name: Bay East AOR
Mls ID: #41118097