763 Franklin St APT 420OaklandCA94607
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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 763 Franklin St APT 420, Oakland, CA, 94607 uses $101,108 cash to close to unlock $8,916/yr annual cash flow and $743/mo monthly cash flow. Total monthly income runs $2,630/mo, and a $1,493/mo payment keeps the spread at $743/mo. Purchase price stands at $305,000, and rental yield measures 10.35% with $2,630/mo rent. Return on cash invested shows 28.73% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 150.17% and total cumulative return in cash records $151,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,630/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94607, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,083 (100%) |
| Owner Occupied HU | 3,477 (23.1%) |
| Renter Occupied HU | 10,159 (67.4%) |
| Vacant Housing Units | 1,447 ( 9.6%) |
| Median Home Value | $850,945 |
| Average Home Value | $956,402 |
Housing Distribution
Address Breakdown
Residential
13,304
Single Family
5,845
Multi-Family
7,459
Businesses
2,595
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Listed by: Doosik Lee • Kuiper Real Estate Team Corp
Mls Name: MLSListings Inc
Mls ID: #ML82018944