1696 Sterling Highway A #1-2-BHomerAK99603
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
Investment Highlights
Total monthly income runs $6,042/mo, and a $7,077/mo payment. Purchase price stands at $1,446,000, and rental yield measures 5.01% with $6,042/mo rent. Return on cash invested shows 13.27% in year one, and 5% annual appreciation builds toward $399,503 over five years. Five-year ROI reaches 67.03% and total cumulative return in cash records $314,053. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,042/mo property income covering a $7,077/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99603, Homer, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,637 (100%) |
| Owner Occupied HU | 3,566 (53.7%) |
| Renter Occupied HU | 1,328 (20.0%) |
| Vacant Housing Units | 1,743 (26.3%) |
| Median Home Value | $403,659 |
| Average Home Value | $461,323 |
Housing Distribution
Address Breakdown
Residential
2,922
Single Family
2,883
Multi-Family
39
Businesses
722
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices