288 3rd St UNIT 406OaklandCA94607
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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 288 3rd St UNIT 406, Oakland, CA, 94607 listed at $399,000 pairs $2,623/mo rent with a $1,953/mo payment to leave $155/mo cash flow. Total monthly income runs $2,623/mo, and annual cash flow reaches $1,855/yr on $132,269 cash to close. Return on cash invested measures 21.31% in year one, and rental yield registers 7.89% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 110.37% and total cumulative return in cash totals $145,982. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,623/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94607, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,083 (100%) |
| Owner Occupied HU | 3,477 (23.1%) |
| Renter Occupied HU | 10,159 (67.4%) |
| Vacant Housing Units | 1,447 ( 9.6%) |
| Median Home Value | $850,945 |
| Average Home Value | $956,402 |
Housing Distribution
Address Breakdown
Residential
13,304
Single Family
5,845
Multi-Family
7,459
Businesses
2,595
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Listed by: Mike Yohay • Compass
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls ID: #41120952