723 61st StOaklandCA94609
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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 723 61st St, Oakland, CA, 94609 generates $3,594/mo in rent, after a $5,624/mo payment. Total monthly income is $3,594/mo. Return on cash invested sits at 9.04% in year one, and rental yield is 3.75% on a $1,149,000 entry. Equity gained on principal adds $7,414/yr, while 5% annual appreciation builds toward $317,448 over five years. Five-year ROI reaches 44.47% and total cumulative return in cash sums $165,535. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,594/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
4,996 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: Harold Deblander • Sotheby's International Realty
Mls Name: SFAR
Mls ID: #425072569