3479 Landings St APT 6HomerAK99603
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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 Homer at 3479 Landings St APT 6, Homer, AK, 99603 uses $72,930 cash to close to unlock $6,432/yr annual cash flow and $536/mo monthly cash flow. Total monthly income runs $2,137/mo, and a $1,077/mo payment keeps the spread at $536/mo. Purchase price stands at $220,000, and rental yield measures 11.66% with $2,137/mo rent. Return on cash invested shows 28.73% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 151.54% and total cumulative return in cash records $110,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,137/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1980
2,178 sqft lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99603, Homer, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,637 (100%) |
| Owner Occupied HU | 3,566 (53.7%) |
| Renter Occupied HU | 1,328 (20.0%) |
| Vacant Housing Units | 1,743 (26.3%) |
| Median Home Value | $403,659 |
| Average Home Value | $461,323 |
Housing Distribution
Address Breakdown
Residential
2,922
Single Family
2,883
Multi-Family
39
Businesses
722
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Listed by: Jill Gunnerson • Bay Realty
Mls Name: AKMLS
Mls Provider:
Mls ID: #25-9783
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