2206 23rd AveOaklandCA94606
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2206 23rd Ave, Oakland, CA, 94606 uses $193,781 cash to close to unlock $7,622/yr annual cash flow and $635/mo monthly cash flow. Total monthly income runs $4,279/mo, and a $2,883/mo payment keeps the spread at $635/mo. Purchase price stands at $589,000, and rental yield measures 8.72% with $4,279/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $162,730 over five years. Five-year ROI reaches 124.73% and total cumulative return in cash records $241,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,279/mo property income covering a $2,883/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2,800 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John K. Ngau • New Pacific Rlty. & Inv.
Mls Name: SFAR
Mls Provider:
Mls ID: #424082438
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.