917 Evergreen AveWrangellAK99929
INVESTMENT ANALYSIS
Investment Verdict
Solid Income917 Evergreen Ave, Wrangell, AK, 99929 in Wrangell is a solid income-producing rental, 8.6% gross yield, $1,903/mo rent, $429/mo net cash flow on a $399,000 buy. DSCR 1.06 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $110,236 and $3,675/yr in principal reduction project a total cumulative return of $117,173.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 12.4% |
| Monthly Cash Flow | $429 | $200 |
City averages based on Wrangell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,903 |
| Total Monthly Debt Service | $2,273 |
| DSCR Ratio | 0.84x |
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 N/A
7,671 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
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 N/A
7,671 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices