50420 Patrick DrKenaiAK99611
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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 Kenai at 50420 Patrick Dr, Kenai, AK, 99611 offers a 12.65% rental yield on a $298,800 purchase with $3,151/mo rent. Total monthly income registers $3,151/mo, and a $1,462/mo payment leaves $1,330/mo available for distribution. Annual cash flow reaches $15,965/yr on $99,052 to close, and return on cash invested stands at 36.03% in year one. Equity gained on principal adds $1,928/yr while 5% annual appreciation supports $82,553 over five years. Portfolio math shows five-year ROI at 189.17% and total cumulative return in cash at $187,375. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,151/mo property income against a $1,462/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99611, Kenai, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,113 (100%) |
| Owner Occupied HU | 4,805 (59.2%) |
| Renter Occupied HU | 1,937 (23.9%) |
| Vacant Housing Units | 1,371 (16.9%) |
| Median Home Value | $331,996 |
| Average Home Value | $373,209 |
Housing Distribution
Address Breakdown
Residential
4,555
Single Family
4,424
Multi-Family
131
Businesses
606
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