1234 Mill Bay RdKodiakAK99615
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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 Kodiak at 1234 Mill Bay Rd, Kodiak, AK, 99615 offers a 14.28% rental yield on a $143,200 purchase with $1,704/mo rent. Total monthly income registers $1,704/mo, and a $701/mo payment leaves $821/mo available for distribution. Annual cash flow reaches $9,852/yr on $47,471 to close, and return on cash invested stands at 40.66% in year one. Equity gained on principal adds $924/yr while 5% annual appreciation supports $39,564 over five years. Portfolio math shows five-year ROI at 214.2% and total cumulative return in cash at $101,683. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,704/mo property income against a $701/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 1943
3,693 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99615, Kodiak, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,993 (100%) |
| Owner Occupied HU | 2,677 (44.7%) |
| Renter Occupied HU | 2,001 (33.4%) |
| Vacant Housing Units | 1,315 (21.9%) |
| Median Home Value | $440,621 |
| Average Home Value | $467,427 |
Housing Distribution
Address Breakdown
Residential
3,226
Single Family
3,034
Multi-Family
192
Businesses
593
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.