3685 Sterling HwyHomerAK99603
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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 3685 Sterling Hwy, Homer, AK, 99603 with 5% annual appreciation on a $753,700 basis while $2,401/mo rent supports operations. 45% in year one. Equity gained on principal adds $4,864/yr, and five-year appreciation sums $208,233 alongside rental yield of 3.82%. Five-year ROI measures 46.6% and total cumulative return in cash totals $115,551. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,401/mo property income versus a $3,689/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2010
2.32 Acres lot
$N/A/sqft
No 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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