0 Bear Cove LnHomerAK99603
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
Investment Highlights
Rental property for sale in Homer at 0 Bear Cove Ln, Homer, AK, 99603 priced at $289,000 converts $1,800/mo rent into $38/mo cash flow after a $1,415/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $458/yr on $95,804 invested. Return on cash invested prints 20.39% in year one, and rental yield reads 7.47% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 105.33% and total cumulative return in cash sums $100,910. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1985
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99603, Homer, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,637 (100%) |
| Owner Occupied HU | 3,566 (53.7%) |
| Renter Occupied HU | 1,328 (20.0%) |
| Vacant Housing Units | 1,743 (26.3%) |
| Median Home Value | $403,659 |
| Average Home Value | $461,323 |
Housing Distribution
Address Breakdown
Residential
2,922
Single Family
2,883
Multi-Family
39
Businesses
722
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Nearby investment properties with comparable prices
Listed by: Art Swisher • Coastal Realty - Homer
Mls Name: AKMLS
Mls Provider:
Mls ID: #25-9429
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