2450 Homestead DrNorth PoleAK99705
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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 North Pole at 2450 Homestead Dr, North Pole, AK, 99705 generates $1,170/mo in rent and, after a $734/mo payment, leaves $256/mo in cash flow. Total monthly income is $1,170/mo, and annual cash flow is $3,072/yr on $49,725 invested. Return on cash invested sits at 26.09% in year one, and rental yield is 9.36% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 135.83% and total cumulative return in cash sums $67,542. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,170/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99705, North Pole, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 6,016 (63.4%) |
| Renter Occupied HU | 2,308 (24.3%) |
| Vacant Housing Units | 1,170 (12.3%) |
| Median Home Value | $322,438 |
| Average Home Value | $338,528 |
Housing Distribution
Address Breakdown
Residential
7,563
Single Family
7,381
Multi-Family
182
Businesses
297
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Listed by: Eloisa Atkinson • MAJORS REALTY GROUP, LLC
Mls Name: GFMLS
Mls ID: #158306