988 Franklin St APT 302OaklandCA94607
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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 988 Franklin St APT 302, Oakland, CA, 94607 earns $848/mo cash flow from $2,580/mo rent with a $1,370/mo payment. Total monthly income totals $2,580/mo, and annual cash flow totals $10,180/yr on $92,820 capital. ROI tracks 30.88% on current figures, and rental yield reads 11.06% at a $280,000 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 over five years. Five-year ROI reaches 161.68% and total cumulative return in cash sums $150,069. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,580/mo property income instead of your personal income.
Condo
Built in 1993
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: Randy W. Lui • Brokers Connection Incorporate
Mls Name: SFAR
Mls ID: #425088141