12385 N Michigan StWillowAK99688
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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 Willow at 12385 N Michigan St, Willow, AK, 99688 generates $3,473/mo in rent, after a $5,849/mo payment. Total monthly income is $3,473/mo. Return on cash invested sits at 8.56% in year one, and rental yield is 3.49% on a $1,195,000 entry. Equity gained on principal adds $7,711/yr, while 5% annual appreciation builds toward $330,156 over five years. Five-year ROI reaches 41.76% and total cumulative return in cash sums $161,690. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,473/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
3.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99688, Willow, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,000 (100%) |
| Owner Occupied HU | 929 (31.0%) |
| Renter Occupied HU | 125 ( 4.2%) |
| Vacant Housing Units | 1,946 (64.9%) |
| Median Home Value | $374,096 |
| Average Home Value | $390,156 |
Housing Distribution
Address Breakdown
Residential
648
Single Family
648
Multi-Family
0
Businesses
67
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