123 E 24th Ave APT 5AnchorageAK99503
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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
Investment property for sale in Anchorage at 123 E 24th Ave APT 5, Anchorage, AK, 99503 listed at $199,900 pairs $1,528/mo rent with a $978/mo payment to leave $310/mo cash flow. Total monthly income runs $1,528/mo, and annual cash flow reaches $3,721/yr on $66,267 cash to close. Return on cash invested measures 25.52% in year one, and rental yield registers 9.17% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 132.88% and total cumulative return in cash totals $88,057. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,528/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99503, Anchorage, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,964 (100%) |
| Owner Occupied HU | 1,855 (26.6%) |
| Renter Occupied HU | 4,305 (61.8%) |
| Vacant Housing Units | 804 (11.5%) |
| Median Home Value | $348,778 |
| Average Home Value | $368,051 |
Housing Distribution
Address Breakdown
Residential
6,346
Single Family
2,920
Multi-Family
3,426
Businesses
1,949
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