395 6th St Unit 408B
This is an income-restricted (BMR) resale. Its price is set by an income formula, not by the market, so the gap against normal comps is not equity you own — it is a restriction you inherit, with income limits to qualify and a formula price when you sell. Scoring it against market comps would flatter it enormously, so we don't score it at all.
💵What this unit actually costs per month
33% of that payment is not the mortgage. The HOA fee alone is $33,600 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,494.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($18,450). Common for small associations and not a defect on its own, but it does remove FHA buyers from your resale pool.
Minimum realistic down payment here: 5% · verify on HUD's lookup
Rate is the Freddie Mac PMMS 30-year average for the week of 2026-10-08 — a national survey figure, not a quote. Tax, insurance and closing costs are estimates; your own Loan Estimate is the real number.
This building's HOA fees
We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($589 in 2026), not enough for a trend yet. The listing shows $560/mo today. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.
🏢 Get this building's free HOA report →✅ Positives
- 40% below model fair value
- Upper floor (fl 4)
- In-unit W/D
- Newer build (2025)
⚠️ Cons
- HOA $560/mo
🚩 Red flags
- Income-restricted (BMR) resale — price set by an income formula, not the market; buyer income limits apply and the gap vs comps is not equity
Photos
Price history (this unit)
- Oct 2, 2026 — Listed $369,000
Description
OCTOBER SPECIAL! Priced $9,468 below City guidelines. Below Market Rate ownership homes at RENOU, San Francisco's only new construction BMR opportunity. This bright, airy studio features an open-concept layout that maximizes space, a quiet location, air conditioning, and smart entry. An attended lobby brings a welcoming, elevated sense of care each day, while the rooftop terrace offers a place to unwind or entertain with unparalleled views of the city skyline. Parking is available for an additional cost and is not included in the listed home price, ask for details. Applicants must be first-time homebuyers and cannot exceed 100% of MOHCD's 2025 Area Median Income: 1 person: $109,100, 2…