2905 Channing WayBerkeleyCA94704
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2905 Channing Way, Berkeley, CA, 94704 in Berkeley. Priced at $899,000, it generates $8,922/mo in gross rent and $2,749/mo in net monthly cash flow, a 11.91% yield that comfortably supports the 2.21 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $32,984. Five-year appreciation: $248,377. Equity from principal paydown: $8,280/yr. Total projected cumulative return: $520,424.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.0% |
| Monthly Cash Flow | $2,749 | $1,500 |
City averages based on Berkeley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,922 |
| Total Monthly Debt Service | $5,816 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1910
2,613 sqft lot
$N/A/sqft
$325 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1910
2,613 sqft lot
$N/A/sqft
$325 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices