204 Patterson StAnchorageAK99504
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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 Anchorage at 204 Patterson St, Anchorage, AK, 99504 priced at $430,000 converts $2,626/mo rent into $5/mo cash flow after a $2,105/mo obligation. Total monthly income equals $2,626/mo, and annual cash flow totals $60/yr on $142,545 invested. Return on cash invested prints 19.95% in year one, and rental yield reads 7.33% against a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation compiles into $118,801 by year five. Five-year ROI reaches 102.93% and total cumulative return in cash sums $146,715. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,626/mo property income covering a $2,105/mo payment, not borrower’s personal income.
Multi Family
Built in 1963
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99504, Anchorage, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,816 (100%) |
| Owner Occupied HU | 9,510 (56.6%) |
| Renter Occupied HU | 5,947 (35.4%) |
| Vacant Housing Units | 1,359 ( 8.1%) |
| Median Home Value | $354,304 |
| Average Home Value | $374,877 |
Housing Distribution
Address Breakdown
Residential
16,110
Single Family
12,928
Multi-Family
3,182
Businesses
361
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