2415 Hemlock Ave APT 1114KetchikanAK99901
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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
Investment property for sale in Ketchikan at 2415 Hemlock Ave APT 1114, Ketchikan, AK, 99901 listed at $125,000 pairs $966/mo rent with a $612/mo payment. Total monthly income runs $966/mo. Return on cash invested measures 6.07% in year one, and rental yield registers 9.27% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 35.66% and total cumulative return in cash totals $14,777. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $966/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1954
N/A lot
$N/A/sqft
$682 monthly 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
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Listed by: Taylor Knight • Gateway City Realty, Inc.
Mls Name: SEAMLS
Mls ID: #25621
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.