1045 Lillian DrHomerAK99603
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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
Rental property for sale in Homer at 1045 Lillian Dr, Homer, AK, 99603 priced at $665,000 pairs $2,070/mo rent with after a $3,255/mo payment. Total monthly income equals $2,070/mo. Return on cash invested is 9.18% in year one, and rental yield stands at 3.74% on a $665,000 basis. Equity gained on principal adds $4,291/yr, and 5% annual appreciation accumulates to $183,727 by year five. Five-year ROI measures 45.15% and total cumulative return in cash reaches $98,791. For financing, Ziffy Mortgage’s DSCR program evaluates $2,070/mo property income against a $3,255/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
0.36 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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