64401 Diamond Ridge RdHomerAK99603
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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 Homer at 64401 Diamond Ridge Rd, Homer, AK, 99603 generates $2,586/mo in rent and, after a $1,517/mo payment, leaves $697/mo in cash flow. Total monthly income is $2,586/mo, and annual cash flow is $8,364/yr on $102,765 invested. Return on cash invested sits at 28.05% in year one, and rental yield is 10.01% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 146.35% and total cumulative return in cash sums $150,391. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,586/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99603, Homer, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,637 (100%) |
| Owner Occupied HU | 3,566 (53.7%) |
| Renter Occupied HU | 1,328 (20.0%) |
| Vacant Housing Units | 1,743 (26.3%) |
| Median Home Value | $403,659 |
| Average Home Value | $461,323 |
Housing Distribution
Address Breakdown
Residential
2,922
Single Family
2,883
Multi-Family
39
Businesses
722
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