369 Park WayNorth PoleAK99705
INVESTMENT ANALYSIS
Investment Verdict
Solid Income369 Park Way, North Pole, AK, 99705 in North Pole is a solid income-producing rental, 9.67% gross yield, $1,868/mo rent, $657/mo net cash flow on a $329,900 buy. DSCR 1.26 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $91,145 and $3,038/yr in principal reduction project a total cumulative return of $115,855.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.2% |
| Monthly Cash Flow | $657 | $450 |
City averages based on North Pole market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,868 |
| Total Monthly Debt Service | $1,879 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1977
0.34 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
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
Multi Family
Built in 1977
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meghan Mclaughlin • OP REALTY GROUP
Mls Name: GFMLS
Mls Provider:
Mls ID: #157926
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.