Analyzing a deal in Oakland, Bay Area [ Cash flow +ive)

[Haseeb Awan]

Hello Folks,

I used to live in Los Altos and it's almost impossible to find a property in the area which is cash flow +ive, but oakland seems to be a decent area in terms of investment in entire bay area. I was looking at a property below.

https://www.zillow.com/homes/for_sale/Oakland-CA-9...

It's showing a foreclosure estimate of 407k. It comes with 6 bed. This can probably be rented for 8k if rented by the room. Mortgage on this house will be around $2000, if I paid 20% down with 4% interest. This seems to be excellent cashflow property. Just wondering if I am missing anything here. Obviously I am assuming that the property is being sold for 407k. This is just an example so may be I can learn from other people who are in buy and hold in the area,