2823 11th Ave APT BOaklandCA94610
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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 2823 11th Ave APT B, Oakland, CA, 94610 generates $2,374/mo in rent and, after a $1,463/mo payment, leaves $525/mo in cash flow. Total monthly income is $2,374/mo, and annual cash flow is $6,297/yr on $99,119 invested. Return on cash invested sits at 26.26% in year one, and rental yield is 9.53% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 136.9% and total cumulative return in cash sums $135,694. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,374/mo property income rather than buyer’s personal income.
Condo
Built in 1927
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94610, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,703 (100%) |
| Owner Occupied HU | 5,410 (34.5%) |
| Renter Occupied HU | 9,352 (59.6%) |
| Vacant Housing Units | 941 ( 6.0%) |
| Median Home Value | $1,627,188 |
| Average Home Value | $1,535,032 |
Housing Distribution
Address Breakdown
Residential
16,235
Single Family
6,012
Multi-Family
10,223
Businesses
969
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Listed by: Melody Hultgren • Nova Real Estate
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls ID: #41118115