315 E 12th Ave UNIT 247AnchorageAK99501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Anchorage at 315 E 12th Ave UNIT 247, Anchorage, AK, 99501 uses $72,930 cash to close to unlock $7,500/yr annual cash flow and $625/mo monthly cash flow. Total monthly income runs $1,966/mo, and a $1,077/mo payment keeps the spread at $625/mo. Purchase price stands at $220,000, and rental yield measures 10.72% with $1,966/mo rent. Return on cash invested shows 30.19% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 157.86% and total cumulative return in cash records $115,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,966/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99501, Anchorage, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,755 (100%) |
| Owner Occupied HU | 2,588 (26.5%) |
| Renter Occupied HU | 5,649 (57.9%) |
| Vacant Housing Units | 1,518 (15.6%) |
| Median Home Value | $475,000 |
| Average Home Value | $538,238 |
Housing Distribution
Address Breakdown
Residential
8,483
Single Family
3,820
Multi-Family
4,663
Businesses
1,425
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices