2843 Tongass Ave APT 4KetchikanAK99901
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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 2843 Tongass Ave APT 4, Ketchikan, AK, 99901 uses $87,682 cash to close to unlock $2,419/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,814/mo, and a $1,295/mo payment keeps the spread at $202/mo. Purchase price stands at $264,500, and rental yield measures 8.23% with $1,814/mo rent. Return on cash invested shows 22.67% in year one, and 5% annual appreciation builds toward $73,076 over five years. Five-year ROI reaches 117.52% and total cumulative return in cash records $103,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,814/mo property income covering a $1,295/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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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