2658 23rd AveOaklandCA94606
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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 2658 23rd Ave, Oakland, CA, 94606 generates $3,806/mo in rent and, after a $1,947/mo payment, leaves $1,092/mo in cash flow. Total monthly income is $3,806/mo, and annual cash flow is $13,101/yr on $131,900 invested. Return on cash invested sits at 29.84% in year one, and rental yield is 11.48% on a $397,888 entry. Equity gained on principal adds $2,568/yr, while 5% annual appreciation builds toward $109,929 over five years. Five-year ROI reaches 156.93% and total cumulative return in cash sums $206,989. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,806/mo property income rather than buyer’s personal income.
Single Family
Built in 1906
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94606, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,554 (100%) |
| Owner Occupied HU | 2,905 (16.5%) |
| Renter Occupied HU | 12,960 (73.8%) |
| Vacant Housing Units | 1,689 ( 9.6%) |
| Median Home Value | $905,119 |
| Average Home Value | $1,038,600 |
Housing Distribution
Address Breakdown
Residential
15,938
Single Family
7,073
Multi-Family
8,865
Businesses
992
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Listed by: Arish Rivers • Weichert, REALTORS Rainbow
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41067785
Disclaimer: Bay East 2024. CCAR 2024. bridgeMLS 2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-10-19 00:03:01 PDT.