216 Madison StKetchikanAK99901
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
Investment Highlights
Investment property for sale in Ketchikan at 216 Madison St, Ketchikan, AK, 99901 uses $162,104 cash to close to unlock $9,338/yr annual cash flow and $778/mo monthly cash flow. Total monthly income runs $3,758/mo, and a $2,393/mo payment keeps the spread at $778/mo. Purchase price stands at $489,000, and rental yield measures 9.22% with $3,758/mo rent. Return on cash invested shows 25.67% in year one, and 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 133.63% and total cumulative return in cash records $216,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,758/mo property income covering a $2,393/mo payment rather than investor’s personal income.
Townhouse
Built in 1930
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99901, Ketchikan, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,611 (100%) |
| Owner Occupied HU | 3,365 (50.9%) |
| Renter Occupied HU | 2,201 (33.3%) |
| Vacant Housing Units | 1,045 (15.8%) |
| Median Home Value | $430,183 |
| Average Home Value | $449,007 |
Housing Distribution
Address Breakdown
Residential
4,622
Single Family
4,078
Multi-Family
544
Businesses
817
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Wanzer • Coastal Keller Williams Realty Alaska Group
Mls Name: SEAMLS
Mls ID: #24801
Disclaimer: Disclaimer: All information deemed reliable but not guaranteed. Dimensions are approximate. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of members of the Southeast Alaska Multiple Listing Service (SEAMLS) and are provided here for consumers personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. All data should be independently verified.