322 Hanover Ave APT 409OaklandCA94606
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
Investment Highlights
Rental property for sale in Oakland at 322 Hanover Ave APT 409, Oakland, CA, 94606 offers $4,594/mo rent that, after a $2,619/mo payment, leaves $314/mo cash flow. Total monthly income is $4,594/mo, and annual cash flow is $3,772/yr on $176,015 cash. Return on cash invested measures 22.2% in year one, and rental yield stands at 10.3% at a $535,000 entry. Equity gained on principal adds $3,452/yr while 5% annual appreciation compounds into $147,811 by year five. Five-year ROI records 117.52% and total cumulative return in cash reaches $206,848. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,594/mo property income versus a $2,619/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1984
0.75 Acres lot
$N/A/sqft
$670 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94606, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,554 (100%) |
| Owner Occupied HU | 2,905 (16.5%) |
| Renter Occupied HU | 12,960 (73.8%) |
| Vacant Housing Units | 1,689 ( 9.6%) |
| Median Home Value | $905,119 |
| Average Home Value | $1,038,600 |
Housing Distribution
Address Breakdown
Residential
15,938
Single Family
7,073
Multi-Family
8,865
Businesses
992
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Nearby investment properties with comparable prices
Listed by: Rahim Kakar • Bloom Real Estate Group
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41071719
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 2024-09-03 13:18:34 PDT.