2704 Le Conte Ave APT 4BerkeleyCA94709
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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 2704 Le Conte Ave APT 4, Berkeley, CA, 94709 listed at $699,000 pairs $5,236/mo rent with a $3,421/mo payment to leave $168/mo cash flow. Total monthly income runs $5,236/mo, and annual cash flow reaches $2,016/yr on $229,971 cash to close. Return on cash invested measures 20.94% in year one, and rental yield registers 8.99% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 109.74% and total cumulative return in cash totals $252,362. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,236/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1950
0.32 Acres lot
$N/A/sqft
$514 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94709, Berkeley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,729 (100%) |
| Owner Occupied HU | 1,151 (20.1%) |
| Renter Occupied HU | 3,920 (68.4%) |
| Vacant Housing Units | 658 (11.5%) |
| Median Home Value | $1,713,102 |
| Average Home Value | $1,635,143 |
Housing Distribution
Address Breakdown
Residential
5,474
Single Family
1,984
Multi-Family
3,490
Businesses
476
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Listed by: Nikki Lui • The Cal Agents Realty Inc.
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41064503
Disclaimer: Bay East 2024. CCAR 2024. bridgeMLS 2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-08-15 16:04:39 PDT.