1993 38th AveOaklandCA94601
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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 1993 38th Ave, Oakland, CA, 94601 generates $3,714/mo in rent and, after a $2,912/mo payment, leaves $33/mo in cash flow. Total monthly income is $3,714/mo, and annual cash flow is $401/yr on $195,755 invested. Return on cash invested sits at 20.27% in year one, and rental yield is 7.49% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 104.73% and total cumulative return in cash sums $205,010. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,714/mo property income rather than buyer’s personal income.
Multi Family
Built in 1923
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94601, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,370 (100%) |
| Owner Occupied HU | 5,201 (29.9%) |
| Renter Occupied HU | 11,244 (64.7%) |
| Vacant Housing Units | 925 ( 5.3%) |
| Median Home Value | $729,822 |
| Average Home Value | $818,769 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
10,050
Multi-Family
6,009
Businesses
1,689
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Listed by: Patrick McCarran • Realty One Group Elite
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls ID: #41117325