2907 Channing WayBerkeleyCA94704
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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
Total monthly income runs $3,216/mo, and a $2,912/mo payment. Purchase price stands at $595,000, and rental yield measures 6.49% with $3,216/mo rent. Return on cash invested shows 17.21% in year one, and 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 88.35% and total cumulative return in cash records $172,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,216/mo property income covering a $2,912/mo payment rather than investor’s personal income.
Condo
Built in 1910
2,613 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: Xiuju Sun • Compass
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls ID: #41114978