3044 Martin Luther King Jr WayOaklandCA94609
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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 3044 Martin Luther King Jr Way, Oakland, CA, 94609 offers $6,962/mo rent that, after a $2,932/mo payment, leaves $3,109/mo cash flow. Total monthly income is $6,962/mo, and annual cash flow is $37,311/yr on $197,071 cash. Return on cash invested measures 38.99% in year one, and rental yield stands at 13.95% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 205.48% and total cumulative return in cash reaches $404,950. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,962/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1908
5,227 sqft lot
$N/A/sqft
$147 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94609, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,403 (100%) |
| Owner Occupied HU | 3,180 (25.6%) |
| Renter Occupied HU | 7,952 (64.1%) |
| Vacant Housing Units | 1,271 (10.2%) |
| Median Home Value | $1,363,032 |
| Average Home Value | $1,408,278 |
Housing Distribution
Address Breakdown
Residential
11,115
Single Family
6,160
Multi-Family
4,955
Businesses
1,288
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Listed by: Jennifer McCallon • Golden Gate Sothebys Intl Rlty
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41053857
Disclaimer: Bay East 2024. CCAR 2024. bridgeMLS 2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-08-15 14:21:29 PDT.