2464 Palmetto StOaklandCA94602
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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
Total monthly income runs $4,663/mo, and a $7,337/mo payment. Purchase price stands at $1,499,000, and rental yield measures 3.73% with $4,663/mo rent. Return on cash invested shows 8.98% in year one, and 5% annual appreciation builds toward $414,146 over five years. Five-year ROI reaches 44.13% and total cumulative return in cash records $214,305. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,663/mo property income covering a $7,337/mo payment rather than investor’s personal income.
Multi Family
Built in 1940
10,380 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94602, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,071 (100%) |
| Owner Occupied HU | 7,010 (53.6%) |
| Renter Occupied HU | 5,438 (41.6%) |
| Vacant Housing Units | 623 ( 4.8%) |
| Median Home Value | $1,334,281 |
| Average Home Value | $1,368,046 |
Housing Distribution
Address Breakdown
Residential
12,299
Single Family
9,262
Multi-Family
3,037
Businesses
540
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Listed by: Kennedy Ngo • 10X Realty Mortgage
Mls Name: MLSListings Inc
Mls ID: #ML82022853