2587 Piedmont Ave #3BerkeleyCA94704
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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 Berkeley at 2587 Piedmont Ave #3, Berkeley, CA, 94704 offers a 5.44% rental yield on a $725,000 purchase with $3,288/mo rent. 04% in year one. Equity gained on principal adds $4,678/yr while 5% annual appreciation supports $200,304 over five years. Portfolio math shows five-year ROI at 71.31% and total cumulative return in cash at $170,093. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,288/mo property income against a $3,549/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1911
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94704, Berkeley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,838 (100%) |
| Owner Occupied HU | 835 ( 7.1%) |
| Renter Occupied HU | 9,109 (76.9%) |
| Vacant Housing Units | 1,894 (16.0%) |
| Median Home Value | $1,353,814 |
| Average Home Value | $1,346,603 |
Housing Distribution
Address Breakdown
Residential
9,801
Single Family
1,762
Multi-Family
8,039
Businesses
1,318
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Listed by: Anne Culbertson • The Agency
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls ID: #41115582