697 Nevada StOaklandCA94603
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 697 Nevada St, Oakland, CA, 94603 offers $3,089/mo rent that, after a $1,747/mo payment, leaves $391/mo cash flow. Total monthly income is $3,089/mo, and annual cash flow is $4,694/yr on $118,346 cash. Return on cash invested measures 23.88% in year one, and rental yield stands at 10.38% at a $357,000 entry. Equity gained on principal adds $2,304/yr while 5% annual appreciation compounds into $98,633 by year five. Five-year ROI records 125.94% and total cumulative return in cash reaches $149,044. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,089/mo property income versus a $1,747/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
4,747 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94603, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,268 (100%) |
| Owner Occupied HU | 4,589 (44.7%) |
| Renter Occupied HU | 5,232 (51.0%) |
| Vacant Housing Units | 447 ( 4.4%) |
| Median Home Value | $585,461 |
| Average Home Value | $667,978 |
Housing Distribution
Address Breakdown
Residential
10,295
Single Family
8,385
Multi-Family
1,910
Businesses
605
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Nearby investment properties with comparable prices
Listed by: Lucy Venegas • Realty ONE Group Future
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41068874
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 22:05:15 PDT.