508 & 506 Madison StSewardAK99664
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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
Rental property for sale in Seward at 508 & 506 Madison St, Seward, AK, 99664 generates $1,332/mo in rent, after a $1,909/mo payment. Total monthly income is $1,332/mo. Return on cash invested sits at 10.21% in year one, and rental yield is 4.1% on a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 50.7% and total cumulative return in cash sums $65,552. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,332/mo property income rather than buyer’s personal income.
Multi Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99664, Seward, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,514 (100%) |
| Owner Occupied HU | 1,282 (51.0%) |
| Renter Occupied HU | 674 (26.8%) |
| Vacant Housing Units | 558 (22.2%) |
| Median Home Value | $344,868 |
| Average Home Value | $395,583 |
Housing Distribution
Address Breakdown
Residential
202
Single Family
202
Multi-Family
0
Businesses
285
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