2924 Nicol AveOaklandCA94602
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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 2924 Nicol Ave, Oakland, CA, 94602 earns $440/mo cash flow from $6,935/mo rent with a $5,139/mo payment. Total monthly income totals $6,935/mo, and annual cash flow totals $5,277/yr on $340,200 capital. ROI tracks 21.92% on current figures, and rental yield reads 7.93% at a $1,050,000 purchase. Equity gained on principal adds $6,775/yr, and 5% annual appreciation supports $290,096 over five years. Five-year ROI reaches 113.53% and total cumulative return in cash sums $386,225. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,935/mo property income instead of your personal income.
Multi Family
Built in 1908
5,920 sqft 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
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Listed by: Kennedy Ngo • 10X Realty Mortgage
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81961130
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 13:25:08 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.