812 Lake AveCordovaAK99574
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.42% gross rental yield, 812 Lake Ave, Cordova, AK, 99574 in Cordova is priced for capital growth, not immediate cash flow. The $519,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $143,639 by year five, with $4,788/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.26) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $182,314.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 7.0% |
| Monthly Cash Flow | $(820) | $1,500 |
City averages based on Cordova market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,941 |
| Total Monthly Debt Service | $2,962 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99574, Cordova, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 636 (52.2%) |
| Renter Occupied HU | 384 (31.5%) |
| Vacant Housing Units | 199 (16.3%) |
| Median Home Value | $381,481 |
| Average Home Value | $400,432 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
158
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99574, Cordova, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 636 (52.2%) |
| Renter Occupied HU | 384 (31.5%) |
| Vacant Housing Units | 199 (16.3%) |
| Median Home Value | $381,481 |
| Average Home Value | $400,432 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
158
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linden O'Toole • Cordova Realty
Mls Name: AKMLS
Mls Provider:
Mls ID: #25-5150
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