1806 Alderway #CSitkaAK99835
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1806 Alderway #C, Sitka, AK, 99835 in Sitka. At $348,500 it earns $2,512/mo in rent and distributes $388/mo to the owner after the $1,567/mo payment, a consistent 8.65% yield. DSCR 1.60 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $96,284 in value; $3,210/yr in principal paydown compounds ownership stake. Total projected return: $156,990.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.0% |
| Monthly Cash Flow | $388 | $350 |
City averages based on Sitka market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,512 |
| Total Monthly Debt Service | $1,985 |
| DSCR Ratio | 1.27x |
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 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99835, Sitka, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,270 (100%) |
| Owner Occupied HU | 2,087 (48.9%) |
| Renter Occupied HU | 1,295 (30.3%) |
| Vacant Housing Units | 888 (20.8%) |
| Median Home Value | $467,145 |
| Average Home Value | $506,513 |
Housing Distribution
Address Breakdown
Residential
2,852
Single Family
2,805
Multi-Family
47
Businesses
567
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 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99835, Sitka, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,270 (100%) |
| Owner Occupied HU | 2,087 (48.9%) |
| Renter Occupied HU | 1,295 (30.3%) |
| Vacant Housing Units | 888 (20.8%) |
| Median Home Value | $467,145 |
| Average Home Value | $506,513 |
Housing Distribution
Address Breakdown
Residential
2,852
Single Family
2,805
Multi-Family
47
Businesses
567
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices