1545 23rd AveOaklandCA94606
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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 1545 23rd Ave, Oakland, CA, 94606 generates $2,373/mo in rent and, after a $1,615/mo payment, leaves $332/mo in cash flow. Total monthly income is $2,373/mo, and annual cash flow is $3,981/yr on $109,395 invested. Return on cash invested sits at 23.55% in year one, and rental yield is 8.63% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 122.35% and total cumulative return in cash sums $133,847. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,373/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94606, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,554 (100%) |
| Owner Occupied HU | 2,905 (16.5%) |
| Renter Occupied HU | 12,960 (73.8%) |
| Vacant Housing Units | 1,689 ( 9.6%) |
| Median Home Value | $905,119 |
| Average Home Value | $1,038,600 |
Housing Distribution
Address Breakdown
Residential
15,938
Single Family
7,073
Multi-Family
8,865
Businesses
992
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Listed by: Ki Reyes • Esposo Properties
Mls Name: MLSListings Inc
Mls ID: #ML82029320