2621 Ritchie StOaklandCA94605
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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 2621 Ritchie St, Oakland, CA, 94605 uses $165,419 cash to close to unlock $8,249/yr annual cash flow and $687/mo monthly cash flow. Total monthly income runs $3,774/mo, and a $2,442/mo payment keeps the spread at $687/mo. Purchase price stands at $499,000, and rental yield measures 9.08% with $3,774/mo rent. Return on cash invested shows 24.9% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 129.59% and total cumulative return in cash records $214,362. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,774/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 1924
4,800 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: Kseniya Kurkina • Abio Properties
Mls Name: SFAR
Mls ID: #425069933