3041 E 42nd Ave APT 505AnchorageAK99508
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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
Total monthly income runs $1,793/mo, and a $1,150/mo payment. Purchase price stands at $235,000, and rental yield measures 9.16% with $1,793/mo rent. Return on cash invested shows 18.32% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 96.8% and total cumulative return in cash records $75,412. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,793/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99508, Anchorage, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,122 (100%) |
| Owner Occupied HU | 6,256 (44.3%) |
| Renter Occupied HU | 6,418 (45.4%) |
| Vacant Housing Units | 1,448 (10.3%) |
| Median Home Value | $348,114 |
| Average Home Value | $378,203 |
Housing Distribution
Address Breakdown
Residential
12,696
Single Family
7,755
Multi-Family
4,941
Businesses
719
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Listed by: Kevin B Cross • Real Estate Brokers of Alaska
Mls Name: AKMLS
Mls Provider:
Mls ID: #25-3390
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