2942 Harper StBerkeleyCA94703
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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 2942 Harper St, Berkeley, CA, 94703 offers a 7.63% rental yield on a $998,000 purchase with $6,348/mo rent. Total monthly income registers $6,348/mo, and a $4,885/mo payment leaves $174/mo available for distribution. Annual cash flow reaches $2,087/yr on $328,342 to close, and return on cash invested stands at 20.7% in year one. Equity gained on principal adds $6,440/yr while 5% annual appreciation supports $275,729 over five years. Portfolio math shows five-year ROI at 107.01% and total cumulative return in cash at $351,372. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,348/mo property income against a $4,885/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1909
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94703, Berkeley, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,079 (100%) |
| Owner Occupied HU | 3,434 (34.1%) |
| Renter Occupied HU | 5,746 (57.0%) |
| Vacant Housing Units | 899 ( 8.9%) |
| Median Home Value | $1,529,032 |
| Average Home Value | $1,519,687 |
Housing Distribution
Address Breakdown
Residential
8,898
Single Family
5,478
Multi-Family
3,420
Businesses
427
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Listed by: Fanny Chew • Winkler Real Estate Group
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls ID: #41113302