3302 Greenland DrAnchorageAK99517
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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 Anchorage at 3302 Greenland Dr, Anchorage, AK, 99517 generates $2,596/mo in rent and, after a $1,933/mo payment, leaves $37/mo in cash flow. Total monthly income is $2,596/mo, and annual cash flow is $439/yr on $130,943 invested. Return on cash invested sits at 20.24% in year one, and rental yield is 7.89% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 105.03% and total cumulative return in cash sums $137,526. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,596/mo property income rather than buyer’s personal income.
Multi Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99517, Anchorage, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,685 (100%) |
| Owner Occupied HU | 4,129 (53.7%) |
| Renter Occupied HU | 2,867 (37.3%) |
| Vacant Housing Units | 689 ( 9.0%) |
| Median Home Value | $420,515 |
| Average Home Value | $489,656 |
Housing Distribution
Address Breakdown
Residential
7,157
Single Family
5,362
Multi-Family
1,795
Businesses
182
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Listed by: Ralphie Morel • RMG Real Estate
Mls Name: AKMLS
Mls Provider:
Mls ID: #24-14943
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