130 Powder Dr #2CGirdwoodAK99587
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.31% gross rental yield, 130 Powder Dr #2C, Girdwood, AK, 99587 in Girdwood is priced for capital growth, not immediate cash flow. The $680,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $187,871 by year five, with $6,263/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.80) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $129,298.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 6.8% |
| Monthly Cash Flow | $(2,014) | $1,200 |
City averages based on Girdwood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,444 |
| Total Monthly Debt Service | $4,188 |
| DSCR Ratio | 0.58x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1983
N/A lot
$N/A/sqft
$314 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99587, Girdwood, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,531 (100%) |
| Owner Occupied HU | 584 (38.1%) |
| Renter Occupied HU | 285 (18.6%) |
| Vacant Housing Units | 662 (43.2%) |
| Median Home Value | $697,154 |
| Average Home Value | $728,262 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1983
N/A lot
$N/A/sqft
$314 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99587, Girdwood, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,531 (100%) |
| Owner Occupied HU | 584 (38.1%) |
| Renter Occupied HU | 285 (18.6%) |
| Vacant Housing Units | 662 (43.2%) |
| Median Home Value | $697,154 |
| Average Home Value | $728,262 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bethany A Weiser • RE/MAX Dynamic Properties
Mls Name: AKMLS
Mls Provider:
Mls ID: #25-7481
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