1185 Lake DrNorth PoleAK99705
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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 North Pole at 1185 Lake Dr, North Pole, AK, 99705 priced at $509,900 pairs $2,280/mo rent with after a $2,496/mo payment. Total monthly income equals $2,280/mo. Return on cash invested is 14.14% in year one, and rental yield stands at 5.37% on a $509,900 basis. Equity gained on principal adds $3,290/yr, and 5% annual appreciation accumulates to $140,876 by year five. Five-year ROI measures 71.76% and total cumulative return in cash reaches $120,380. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $2,496/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99705, North Pole, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 6,016 (63.4%) |
| Renter Occupied HU | 2,308 (24.3%) |
| Vacant Housing Units | 1,170 (12.3%) |
| Median Home Value | $322,438 |
| Average Home Value | $338,528 |
Housing Distribution
Address Breakdown
Residential
7,563
Single Family
7,381
Multi-Family
182
Businesses
297
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Listed by: Eloisa Atkinson • MAJORS REALTY GROUP, LLC
Mls Name: GFMLS
Mls ID: #159065