1606 Marika Rd APT 8FairbanksAK99709
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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
Investment property for sale in Fairbanks at 1606 Marika Rd APT 8, Fairbanks, AK, 99709 uses $64,643 cash to close to unlock $17,424/yr annual cash flow and $1,452/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $954/mo payment keeps the spread at $1,452/mo. Purchase price stands at $195,000, and rental yield measures 16.25% with $2,640/mo rent. Return on cash invested shows 46.86% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 247.23% and total cumulative return in cash records $159,814. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1982
N/A 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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