22933 Sherman StChugiakAK99567
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 22933 Sherman St, Chugiak, AK, 99567 in Chugiak. At $399,000 it earns $3,197/mo in rent and distributes $620/mo to the owner after the $1,794/mo payment, a consistent 9.61% yield. DSCR 1.78 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $110,236 in value; $3,675/yr in principal paydown compounds ownership stake. Total projected return: $191,741.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 5.8% |
| Monthly Cash Flow | $620 | $1,850 |
City averages based on Chugiak market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,197 |
| Total Monthly Debt Service | $2,418 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2018
0.42 Acres lot
$N/A/sqft
$145 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99567, Chugiak, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,355 (100%) |
| Owner Occupied HU | 2,477 (73.8%) |
| Renter Occupied HU | 577 (17.2%) |
| Vacant Housing Units | 301 ( 9.0%) |
| Median Home Value | $492,144 |
| Average Home Value | $500,572 |
Housing Distribution
Address Breakdown
Residential
2,162
Single Family
2,162
Multi-Family
0
Businesses
178
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
Condo
Built in 2018
0.42 Acres lot
$N/A/sqft
$145 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99567, Chugiak, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,355 (100%) |
| Owner Occupied HU | 2,477 (73.8%) |
| Renter Occupied HU | 577 (17.2%) |
| Vacant Housing Units | 301 ( 9.0%) |
| Median Home Value | $492,144 |
| Average Home Value | $500,572 |
Housing Distribution
Address Breakdown
Residential
2,162
Single Family
2,162
Multi-Family
0
Businesses
178
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Klint R Branum • Century 21 Realty Solutions - Eagle River
Mls Name: AKMLS
Mls Provider:
Mls ID: #25-4620
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