1421 Ithaca RdFairbanksAK99709
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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 1421 Ithaca Rd, Fairbanks, AK, 99709 generates $3,000/mo in rent and, after a $2,300/mo payment, leaves $136/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $1,633/yr on $155,772 invested. Return on cash invested sits at 20.96% in year one, and rental yield is 7.66% on a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation builds toward $129,825 over five years. Five-year ROI reaches 108.37% and total cumulative return in cash sums $168,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
2 Acres 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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