395 6th St Unit 408C
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
34% of that payment is not the mortgage. The HOA fee alone is $39,300 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,721.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($20,540). 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 2026-11-05 — 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 ($560 in 2026), not enough for a trend yet. The listing shows $655/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
- 12% below model fair value
- Upper floor (fl 4)
- In-unit W/D
- Garage parking
⚠️ Cons
- HOA $655/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 15, 2026 — Listed $410,795
Description
OCTOBER SPECIAL! Priced $39,468 below City guidelines. Below Market Rate ownership homes at RENOU, San Francisco's only new construction BMR opportunity. This bright, west-facing one-bedroom is filled with natural light throughout the day and enjoys peaceful, leafy views offering a refreshing sense of greenery in the heart of the city. 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. 1 Parking included in the listed price. Applicants must be first-time homebuyers and cannot exceed 100% of MOHCD's 2026 Area Median Income: 1 person: $113,450, 2 persons: $129,700…