2649 62nd 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
Rental property for sale in Oakland at 2649 62nd Ave, Oakland, CA, 94605 generates $4,158/mo in rent, after a $4,038/mo payment. Total monthly income is $4,158/mo. Return on cash invested sits at 13.24% in year one, and rental yield is 6.05% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 67.98% and total cumulative return in cash sums $184,521. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,158/mo property income rather than buyer’s personal income.
Multi Family
Built in 1960
3,759 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: Barbara Williams • Sterling Royal Real Estate
Mls Name: MetroList Services of CA
Mls ID: #224116449