85 Vernon Street #315OaklandCA94610
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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 85 Vernon Street #315, Oakland, CA, 94610 generates $2,784/mo in rent, after a $2,325/mo payment. Total monthly income is $2,784/mo. Return on cash invested sits at 12.89% in year one, and rental yield is 7.03% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 67.3% and total cumulative return in cash sums $105,979. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,784/mo property income rather than buyer’s personal income.
Condo
Built in 1971
0.52 Acres lot
$N/A/sqft
$470 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94610, Oakland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,703 (100%) |
| Owner Occupied HU | 5,410 (34.5%) |
| Renter Occupied HU | 9,352 (59.6%) |
| Vacant Housing Units | 941 ( 6.0%) |
| Median Home Value | $1,627,188 |
| Average Home Value | $1,535,032 |
Housing Distribution
Address Breakdown
Residential
16,235
Single Family
6,012
Multi-Family
10,223
Businesses
969
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Listed by: Phylicia Mayse • The Sayles Group, Inc
Mls Name: BAREIS
Mls Provider:
Mls ID: #325070124
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