2416 Seminary AveOaklandCA94605
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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 2416 Seminary Ave, Oakland, CA, 94605 offers a 9.74% rental yield on a $750,000 purchase with $6,090/mo rent. Total monthly income registers $6,090/mo, and a $3,671/mo payment leaves $1,151/mo available for distribution. Annual cash flow reaches $13,810/yr on $246,750 to close, and return on cash invested stands at 25.66% in year one. Equity gained on principal adds $4,840/yr while 5% annual appreciation supports $207,211 over five years. Portfolio math shows five-year ROI at 134.15% and total cumulative return in cash at $331,014. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,090/mo property income against a $3,671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1938
3,620 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94605, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,738 (100%) |
| Owner Occupied HU | 9,324 (55.7%) |
| Renter Occupied HU | 6,588 (39.4%) |
| Vacant Housing Units | 826 ( 4.9%) |
| Median Home Value | $928,785 |
| Average Home Value | $1,070,066 |
Housing Distribution
Address Breakdown
Residential
16,316
Single Family
13,339
Multi-Family
2,977
Businesses
674
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Listed by: Tyra Barnum • L.B. Unique Properties, Inc.
Mls Name: BAREIS
Mls Provider:
Mls ID: #324041290
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.