845 Lemieux AveWrangellAK99929
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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 Wrangell at 845 Lemieux Ave, Wrangell, AK, 99929 uses $70,610 cash to close to unlock $11,441/yr annual cash flow and $953/mo monthly cash flow. Total monthly income runs $2,252/mo, and a $1,043/mo payment keeps the spread at $953/mo. Purchase price stands at $213,000, and rental yield measures 12.69% with $2,252/mo rent. Return on cash invested shows 36.11% in year one, and 5% annual appreciation builds toward $58,848 over five years. Five-year ROI reaches 189.64% and total cumulative return in cash records $133,905. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,252/mo property income covering a $1,043/mo payment rather than investor’s personal income.
Single Family
Built in 1984
7,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99929, Wrangell, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,187 (100%) |
| Owner Occupied HU | 572 (48.2%) |
| Renter Occupied HU | 339 (28.6%) |
| Vacant Housing Units | 276 (23.3%) |
| Median Home Value | $343,452 |
| Average Home Value | $343,003 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
130
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