15 Farewell Ave UNIT 207FairbanksAK99701
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 15 Farewell Ave UNIT 207, Fairbanks, AK, 99701 in Fairbanks deserves attention. This $185,000 property earns $1,696/mo in rent, a 11% gross yield, and nets $568/mo after the $832/mo payment. DSCR 2.04 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $51,112 compounds alongside $1,704/yr in yearly equity build, for a total cumulative return of $106,637.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 7.2% |
| Monthly Cash Flow | $568 | $1,250 |
City averages based on Fairbanks market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,696 |
| Total Monthly Debt Service | $1,054 |
| DSCR Ratio | 1.61x |
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.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99701, Fairbanks, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,136 (100%) |
| Owner Occupied HU | 3,240 (35.5%) |
| Renter Occupied HU | 4,501 (49.3%) |
| Vacant Housing Units | 1,395 (15.3%) |
| Median Home Value | $274,760 |
| Average Home Value | $285,853 |
Housing Distribution
Address Breakdown
Residential
7,371
Single Family
5,815
Multi-Family
1,556
Businesses
1,469
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 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99701, Fairbanks, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,136 (100%) |
| Owner Occupied HU | 3,240 (35.5%) |
| Renter Occupied HU | 4,501 (49.3%) |
| Vacant Housing Units | 1,395 (15.3%) |
| Median Home Value | $274,760 |
| Average Home Value | $285,853 |
Housing Distribution
Address Breakdown
Residential
7,371
Single Family
5,815
Multi-Family
1,556
Businesses
1,469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices