9851 Olive Street, Oakland, CA, USA
Below Average
33/100This deal is below average. Watch that the price sits above market monthly cash flow is negative.
- Stable, average-risk fundamentals
- Priced 91% above market
- $468/mo negative cash flow
- Cap rate only 3.32%
- No equity after repairs
- Neighborhood scores 68/100
Price vs. Market
ARV Assessment
Based on 5 recent sales within 0.5 miles, comparable condo homes of similar size traded between $170k and $214k. The subject's 1,586 sqft and 2bd/1ba layout supports a midpoint estimate of $191k.
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Property presents in full gut condition. Estimated rehab of $7k covers structural, mechanical, and full interior.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: moderate.
Rental Income
The Oakland rental market shows strong demand. Median area rent is $1,838/mo with a 5% vacancy rate.
2 more details
Comparable 2bd units nearby rent for $1,620–$1,940. At $1,760/mo the gross yield is 6.03% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
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