802 23rd AveFairbanksAK99701
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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 Fairbanks at 802 23rd Ave, Fairbanks, AK, 99701 uses $71,273 cash to close to unlock $2,388/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,509/mo, and a $1,052/mo payment keeps the spread at $199/mo. Purchase price stands at $215,000, and rental yield measures 8.42% with $1,509/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 120.67% and total cumulative return in cash records $86,005. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,509/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1965
8,787 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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