204 1st AveWrangellAK99929
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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
Rental property for sale in Wrangell at 204 1st Ave, Wrangell, AK, 99929 priced at $420,000 pairs $2,620/mo rent with $60/mo cash flow after a $2,056/mo payment. Total monthly income equals $2,620/mo, and annual cash flow comes to $720/yr on $139,230 invested. Return on cash invested is 20.43% in year one, and rental yield stands at 7.49% on a $420,000 basis. Equity gained on principal adds $2,710/yr, and 5% annual appreciation accumulates to $116,038 by year five. Five-year ROI measures 105.49% and total cumulative return in cash reaches $146,875. For financing, Ziffy Mortgage’s DSCR program evaluates $2,620/mo property income against a $2,056/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1982
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99929, Wrangell, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,187 (100%) |
| Owner Occupied HU | 572 (48.2%) |
| Renter Occupied HU | 339 (28.6%) |
| Vacant Housing Units | 276 (23.3%) |
| Median Home Value | $343,452 |
| Average Home Value | $343,003 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
130
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