2924-2920 Morcom AveOaklandCA94619
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 2924-2920 Morcom Ave, Oakland, CA, 94619 in Oakland is straightforward: $949,000 in, $6,958/mo in rent, $1,087/mo out after debt service. The 8.8% gross yield and 1.63 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $262,191 by year five. With $8,740/yr in principal equity, the total cumulative return is projected at $429,851.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 4.8% |
| Monthly Cash Flow | $1,087 | $1,850 |
City averages based on Oakland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,958 |
| Total Monthly Debt Service | $5,493 |
| DSCR Ratio | 1.27x |
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.
Multi Family
Built in 1920
3,364 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94619, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,581 (100%) |
| Owner Occupied HU | 5,831 (60.9%) |
| Renter Occupied HU | 3,286 (34.3%) |
| Vacant Housing Units | 464 ( 4.8%) |
| Median Home Value | $1,045,352 |
| Average Home Value | $1,191,082 |
Housing Distribution
Address Breakdown
Residential
9,597
Single Family
7,994
Multi-Family
1,603
Businesses
529
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
Multi Family
Built in 1920
3,364 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94619, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,581 (100%) |
| Owner Occupied HU | 5,831 (60.9%) |
| Renter Occupied HU | 3,286 (34.3%) |
| Vacant Housing Units | 464 ( 4.8%) |
| Median Home Value | $1,045,352 |
| Average Home Value | $1,191,082 |
Housing Distribution
Address Breakdown
Residential
9,597
Single Family
7,994
Multi-Family
1,603
Businesses
529
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ricardo Velazco • Compass
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #225068183
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