1808 3rd AveKenaiAK99611
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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 Kenai at 1808 3rd Ave, Kenai, AK, 99611 offers a 7.73% rental yield on a $299,000 purchase with $1,925/mo rent. Total monthly income registers $1,925/mo, and a $1,463/mo payment leaves $103/mo available for distribution. Annual cash flow reaches $1,238/yr on $99,119 to close, and return on cash invested stands at 21.16% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 109.44% and total cumulative return in cash at $108,478. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,925/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99611, Kenai, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,113 (100%) |
| Owner Occupied HU | 4,805 (59.2%) |
| Renter Occupied HU | 1,937 (23.9%) |
| Vacant Housing Units | 1,371 (16.9%) |
| Median Home Value | $331,996 |
| Average Home Value | $373,209 |
Housing Distribution
Address Breakdown
Residential
4,555
Single Family
4,424
Multi-Family
131
Businesses
606
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Listed by: Kendra Dukowitz • Elite Real Estate Group Soldotna Branch
Mls Name: AKMLS
Mls Provider:
Mls ID: #25-5192
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