247 4th St APT 202OaklandCA94607
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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 247 4th St APT 202, Oakland, CA, 94607 generates $3,493/mo in rent, after a $4,395/mo payment. Total monthly income is $3,493/mo. Return on cash invested sits at 11.69% in year one, and rental yield is 4.67% on a $898,000 entry. Equity gained on principal adds $5,795/yr, while 5% annual appreciation builds toward $248,101 over five years. Five-year ROI reaches 58.71% and total cumulative return in cash sums $173,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,493/mo property income rather than buyer’s personal income.
Condo
Built in 1923
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94607, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,083 (100%) |
| Owner Occupied HU | 3,477 (23.1%) |
| Renter Occupied HU | 10,159 (67.4%) |
| Vacant Housing Units | 1,447 ( 9.6%) |
| Median Home Value | $850,945 |
| Average Home Value | $956,402 |
Housing Distribution
Address Breakdown
Residential
13,304
Single Family
5,845
Multi-Family
7,459
Businesses
2,595
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Listed by: Kim Cole • Nova Real Estate
Mls Name: Bay East AOR
Mls ID: #41108884