3188 Laurance RdNorth 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
Investment property for sale in North Pole at 3188 Laurance Rd, North Pole, AK, 99705 offers a 11.46% rental yield on a $245,000 purchase with $2,340/mo rent. Total monthly income registers $2,340/mo, and a $1,199/mo payment leaves $847/mo available for distribution. Annual cash flow reaches $10,164/yr on $81,218 to close, and return on cash invested stands at 32.42% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 169.81% and total cumulative return in cash at $137,916. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,340/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
1 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: Michelle Evans • THE REAL ESTATE GROUP AK
Mls Name: GFMLS
Mls ID: #158565