298 Sunset DrKetchikanAK99901
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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 Ketchikan at 298 Sunset Dr, Ketchikan, AK, 99901 offers $3,836/mo rent that, after a $2,888/mo payment, leaves $240/mo cash flow. Total monthly income is $3,836/mo, and annual cash flow is $2,880/yr on $194,110 cash. Return on cash invested measures 21.54% in year one, and rental yield stands at 7.8% at a $590,000 entry. Equity gained on principal adds $3,807/yr while 5% annual appreciation compounds into $163,006 by year five. Five-year ROI records 111.44% and total cumulative return in cash reaches $216,316. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,836/mo property income versus a $2,888/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.62 Acres 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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Listed by: Hilary Robbins • Coastal Keller Williams Realty Alaska Group
Mls Name: SEAMLS
Mls ID: #25025
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.