2438 California AveKenaiAK99611
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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 Kenai at 2438 California Ave, Kenai, AK, 99611 priced at $375,000 converts $1,482/mo rent into after a $1,835/mo obligation. Total monthly income equals $1,482/mo. Return on cash invested prints 12.16% in year one, and rental yield reads 4.74% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 61.14% and total cumulative return in cash sums $76,011. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,482/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Multi Family
Built in 1965
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99611, Kenai, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,113 (100%) |
| Owner Occupied HU | 4,805 (59.2%) |
| Renter Occupied HU | 1,937 (23.9%) |
| Vacant Housing Units | 1,371 (16.9%) |
| Median Home Value | $331,996 |
| Average Home Value | $373,209 |
Housing Distribution
Address Breakdown
Residential
4,555
Single Family
4,424
Multi-Family
131
Businesses
606
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Listed by: Preston Penrod • Jack White Real Estate Soldotna
Mls Name: AKMLS
Mls Provider:
Mls ID: #24-13385
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