1298 Prospect DrFairbanksAK99709
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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 Fairbanks at 1298 Prospect Dr, Fairbanks, AK, 99709 priced at $390,000 converts $2,863/mo rent into $425/mo cash flow after a $1,909/mo obligation. Total monthly income equals $2,863/mo, and annual cash flow totals $5,095/yr on $129,285 invested. Return on cash invested prints 23.85% in year one, and rental yield reads 8.81% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 124.06% and total cumulative return in cash sums $160,388. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,863/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 1981
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99709, Fairbanks, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,317 (100%) |
| Owner Occupied HU | 7,881 (55.0%) |
| Renter Occupied HU | 4,408 (30.8%) |
| Vacant Housing Units | 2,028 (14.2%) |
| Median Home Value | $333,265 |
| Average Home Value | $352,916 |
Housing Distribution
Address Breakdown
Residential
10,186
Single Family
8,885
Multi-Family
1,301
Businesses
669
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Listed by: Ray Brasier • BRASIER REALTY
Mls Name: GFMLS
Mls Provider:
Mls ID: #156886
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.