2114 Rickert StFairbanksAK99701
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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 Fairbanks at 2114 Rickert St, Fairbanks, AK, 99701 priced at $220,000 converts $1,467/mo rent into $60/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,467/mo, and annual cash flow totals $722/yr on $72,930 invested. Return on cash invested prints 20.9% in year one, and rental yield reads 8% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 108.45% and total cumulative return in cash sums $79,091. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,467/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1945
9,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99701, Fairbanks, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,136 (100%) |
| Owner Occupied HU | 3,240 (35.5%) |
| Renter Occupied HU | 4,501 (49.3%) |
| Vacant Housing Units | 1,395 (15.3%) |
| Median Home Value | $274,760 |
| Average Home Value | $285,853 |
Housing Distribution
Address Breakdown
Residential
7,371
Single Family
5,815
Multi-Family
1,556
Businesses
1,469
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Listed by: Lana Hebert • OLD GLORY REALTY
Mls Name: GFMLS
Mls Provider:
Mls ID: #157423
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.