What assumptions for PITI, mainly down payment, interest rate (I hope fixed mortgage?). It has $304 HOA too. Rent, I guess it will be between $2000 to $2200 (I really do not know anything about oakland). I saw furnished 1BD is $1500 and furnished 2BD is $2500 within 0.5 mile from this home location.
When I key in $2000, the cap rate works out 6.03% with 7% property manager and 3% maintenance and 1.25% property tax, HOA 304.
However, the home was sold 2013 for 180k, now listed 250k, the appreciation rate is 8.5% range.