343 Somerset RdOaklandCA94611
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
Investment property for sale in Oakland at 343 Somerset Rd, Oakland, CA, 94611 earns from $4,692/mo rent with a $7,342/mo payment. Total monthly income totals $4,692/mo. ROI tracks 7.71% on current figures, and rental yield reads 3.75% at a $1,500,000 purchase. Equity gained on principal adds $9,679/yr, and 5% annual appreciation supports $414,422 over five years. Five-year ROI reaches 37.81% and total cumulative return in cash sums $183,779. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,692/mo property income instead of your personal income.
Multi Family
Built in 1949
7,113 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94611, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,438 (100%) |
| Owner Occupied HU | 10,184 (55.2%) |
| Renter Occupied HU | 7,300 (39.6%) |
| Vacant Housing Units | 954 ( 5.2%) |
| Median Home Value | $1,713,928 |
| Average Home Value | $1,667,447 |
Housing Distribution
Address Breakdown
Residential
18,900
Single Family
12,145
Multi-Family
6,755
Businesses
995
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Nearby investment properties with comparable prices
Listed by: Faber Real Estate Team • Compass
Mls Name: BAREIS
Mls Provider:
Mls ID: #324066929
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.