16622 Riddell CirEagle RiverAK99577
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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 Eagle River at 16622 Riddell Cir, Eagle River, AK, 99577 offers a 8.63% rental yield on a $424,900 purchase with $3,054/mo rent. Total monthly income registers $3,054/mo, and a $2,080/mo payment leaves $464/mo available for distribution. Annual cash flow reaches $5,569/yr on $140,854 to close, and return on cash invested stands at 23.86% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,392 over five years. Portfolio math shows five-year ROI at 123.96% and total cumulative return in cash at $174,597. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,054/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99577, Eagle River, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,341 (100%) |
| Owner Occupied HU | 7,281 (70.4%) |
| Renter Occupied HU | 2,467 (23.9%) |
| Vacant Housing Units | 593 ( 5.7%) |
| Median Home Value | $474,380 |
| Average Home Value | $516,364 |
Housing Distribution
Address Breakdown
Residential
9,630
Single Family
9,320
Multi-Family
310
Businesses
630
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Listed by: Chelsea McDonald • Coldwell Banker Endeavor Realty
Mls Name: AKMLS
Mls ID: #25-13670