3229 Elm StOaklandCA94609
Nearby investment properties with comparable rents
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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 3229 Elm St, Oakland, CA, 94609 priced at $1,499,900 converts $3,209/mo rent into after a $7,341/mo obligation. Total monthly income equals $3,209/mo. Return on cash invested prints 4.64% in year one, and rental yield reads 2.57% against a $1,499,900 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation compiles into $414,395 by year five. Five-year ROI reaches 21.11% and total cumulative return in cash sums $102,604. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,209/mo property income covering a $7,341/mo payment, not borrower’s personal income.
Multi Family
Built in 1896
4,356 sqft lot
$N/A/sqft
No 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: Colin Davies • Security Pacific Real Estate
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41071857
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 2024-10-18 23:34:21 PDT.