604 Lathrop StFairbanksAK99701
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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 Fairbanks at 604 Lathrop St, Fairbanks, AK, 99701 priced at $294,000 converts $2,160/mo rent into $368/mo cash flow after a $1,439/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $4,418/yr on $97,461 invested. Return on cash invested prints 24.44% in year one, and rental yield reads 8.82% against a $294,000 entry. Equity gained on principal adds $1,897/yr, while 5% annual appreciation compiles into $81,227 by year five. Five-year ROI reaches 127.08% and total cumulative return in cash sums $123,852. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,439/mo payment, not borrower’s personal income.
Single Family
Built in 1947
7,768 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99701, Fairbanks, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,136 (100%) |
| Owner Occupied HU | 3,240 (35.5%) |
| Renter Occupied HU | 4,501 (49.3%) |
| Vacant Housing Units | 1,395 (15.3%) |
| Median Home Value | $274,760 |
| Average Home Value | $285,853 |
Housing Distribution
Address Breakdown
Residential
7,371
Single Family
5,815
Multi-Family
1,556
Businesses
1,469
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