1461 Ketchikan Lakes RdKetchikanAK99901
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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 Ketchikan at 1461 Ketchikan Lakes Rd, Ketchikan, AK, 99901 priced at $305,000 converts $2,735/mo rent into $876/mo cash flow after a $1,493/mo obligation. Total monthly income equals $2,735/mo, and annual cash flow totals $10,512/yr on $101,108 invested. Return on cash invested prints 30.31% in year one, and rental yield reads 10.76% against a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation compiles into $84,266 by year five. Five-year ROI reaches 158.45% and total cumulative return in cash sums $160,210. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,735/mo property income covering a $1,493/mo payment, not borrower’s personal income.
Single Family
Built in 2000
8,690 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99901, Ketchikan, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,611 (100%) |
| Owner Occupied HU | 3,365 (50.9%) |
| Renter Occupied HU | 2,201 (33.3%) |
| Vacant Housing Units | 1,045 (15.8%) |
| Median Home Value | $430,183 |
| Average Home Value | $449,007 |
Housing Distribution
Address Breakdown
Residential
4,622
Single Family
4,078
Multi-Family
544
Businesses
817
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Listed by: Sidney Tenpas • Coastal Keller Williams Realty Alaska Group
Mls Name: SEAMLS
Mls ID: #25188
Disclaimer: Disclaimer: All information deemed reliable but not guaranteed. Dimensions are approximate. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of members of the Southeast Alaska Multiple Listing Service (SEAMLS) and are provided here for consumers personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. All data should be independently verified.