388 Cortina RdGirdwoodAK99587
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
Investment Highlights
Rental property for sale in Girdwood at 388 Cortina Rd, Girdwood, AK, 99587 offers $3,036/mo rent that, after a $2,447/mo payment. Total monthly income is $3,036/mo. Return on cash invested measures 19.83% in year one, and rental yield stands at 7.29% at a $500,000 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,141 by year five. Five-year ROI records 102.27% and total cumulative return in cash reaches $169,520. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,036/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99587, Girdwood, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,531 (100%) |
| Owner Occupied HU | 584 (38.1%) |
| Renter Occupied HU | 285 (18.6%) |
| Vacant Housing Units | 662 (43.2%) |
| Median Home Value | $697,154 |
| Average Home Value | $728,262 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices