6576 Lucas AveOaklandCA94611
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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 6576 Lucas Ave, Oakland, CA, 94611 offers a 9.61% rental yield on a $849,000 purchase with $6,799/mo rent. Total monthly income registers $6,799/mo, and a $4,155/mo payment leaves $1,547/mo available for distribution. Annual cash flow reaches $18,568/yr on $279,321 to close, and return on cash invested stands at 26.71% in year one. Equity gained on principal adds $5,478/yr while 5% annual appreciation supports $234,563 over five years. Portfolio math shows five-year ROI at 139.27% and total cumulative return in cash at $389,000. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,799/mo property income against a $4,155/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,356 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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Listed by: Ya Hsuan Yuan • Exp Realty Of California
Mls Name: eXp Realty
Mls ID: #41091568