2829 Carmel Street #AOaklandCA94602
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 2829 Carmel Street #A, Oakland, CA, 94602 in Oakland at $537,500 earns $3,361/mo in rent and nets $36/mo after the $2,417/mo payment, a 7.5% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $148,501 over five years. Ziffy Mortgage underwrites this on a 1.39 DSCR without U.S. credit history. With $4,950/yr in principal paydown, total projected return reaches $206,117.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 4.8% |
| Monthly Cash Flow | $36 | $1,850 |
City averages based on Oakland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,361 |
| Total Monthly Debt Service | $3,111 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1986
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94602, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,071 (100%) |
| Owner Occupied HU | 7,010 (53.6%) |
| Renter Occupied HU | 5,438 (41.6%) |
| Vacant Housing Units | 623 ( 4.8%) |
| Median Home Value | $1,334,281 |
| Average Home Value | $1,368,046 |
Housing Distribution
Address Breakdown
Residential
12,299
Single Family
9,262
Multi-Family
3,037
Businesses
540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1986
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94602, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,071 (100%) |
| Owner Occupied HU | 7,010 (53.6%) |
| Renter Occupied HU | 5,438 (41.6%) |
| Vacant Housing Units | 623 ( 4.8%) |
| Median Home Value | $1,334,281 |
| Average Home Value | $1,368,046 |
Housing Distribution
Address Breakdown
Residential
12,299
Single Family
9,262
Multi-Family
3,037
Businesses
540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aileen Summers • Zip Code Sonoma
Mls Name: BAREIS
Mls ID: #325056910