1869 Magellan DrOaklandCA94611
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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 1869 Magellan Dr, Oakland, CA, 94611 listed at $1,329,000 pairs $6,300/mo rent with a $6,505/mo payment. Total monthly income runs $6,300/mo. Return on cash invested measures 12.95% in year one, and rental yield registers 5.69% at a $1,329,000 basis. Equity gained on principal adds $8,576/yr, and annual property appreciation at 5% supports $367,178 by year five. Five-year ROI tracks 66.16% and total cumulative return in cash totals $284,868. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,300/mo property income relative to a $6,505/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
6,660 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94611, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,438 (100%) |
| Owner Occupied HU | 10,184 (55.2%) |
| Renter Occupied HU | 7,300 (39.6%) |
| Vacant Housing Units | 954 ( 5.2%) |
| Median Home Value | $1,713,928 |
| Average Home Value | $1,667,447 |
Housing Distribution
Address Breakdown
Residential
18,900
Single Family
12,145
Multi-Family
6,755
Businesses
995
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Listed by: Edmond D. O'Sullivan • Elevation Real Estate
Mls Name: SFAR
Mls Provider:
Mls ID: #425032414
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.