1452 Redmond AveNorth PoleAK99705
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1452 Redmond Ave, North Pole, AK, 99705 in North Pole. Priced at $274,900, it generates $2,626/mo in gross rent and $950/mo in net monthly cash flow, a 11.46% yield that comfortably supports the 2.12 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $11,403. Five-year appreciation: $75,950. Equity from principal paydown: $2,532/yr. Total projected cumulative return: $165,342.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 7.2% |
| Monthly Cash Flow | $950 | $450 |
City averages based on North Pole market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,626 |
| Total Monthly Debt Service | $1,566 |
| DSCR Ratio | 1.68x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1974
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99705, North Pole, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 6,016 (63.4%) |
| Renter Occupied HU | 2,308 (24.3%) |
| Vacant Housing Units | 1,170 (12.3%) |
| Median Home Value | $322,438 |
| Average Home Value | $338,528 |
Housing Distribution
Address Breakdown
Residential
7,563
Single Family
7,381
Multi-Family
182
Businesses
297
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
Single Family
Built in 1974
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99705, North Pole, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 6,016 (63.4%) |
| Renter Occupied HU | 2,308 (24.3%) |
| Vacant Housing Units | 1,170 (12.3%) |
| Median Home Value | $322,438 |
| Average Home Value | $338,528 |
Housing Distribution
Address Breakdown
Residential
7,563
Single Family
7,381
Multi-Family
182
Businesses
297
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ted Hedgecock • HEDGECOCK GROUP REAL ESTATE, LLC
Mls Name: GFMLS
Mls Provider:
Mls ID: #157957
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.