24120 Drake DrKasilofAK99610
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 Kasilof at 24120 Drake Dr, Kasilof, AK, 99610 offers a 9.55% rental yield on a $120,000 purchase with $955/mo rent. Total monthly income registers $955/mo, and a $587/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,688/yr on $39,780 to close, and return on cash invested stands at 26.67% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 138.93% and total cumulative return in cash at $55,267. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $955/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2004
1.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99610, Kasilof, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,336 (100%) |
| Owner Occupied HU | 883 (66.1%) |
| Renter Occupied HU | 109 ( 8.2%) |
| Vacant Housing Units | 344 (25.7%) |
| Median Home Value | $394,231 |
| Average Home Value | $518,080 |
Housing Distribution
Address Breakdown
Residential
169
Single Family
169
Multi-Family
0
Businesses
35
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Nearby investment properties with comparable prices
Listed by: Rebecca Curren • Jack White Real Estate Soldotna
Mls Name: AKMLS
Mls Provider:
Mls ID: #24-9673
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