9650 E Forest Grove Cir #10BPalmerAK99645
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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 Palmer at 9650 E Forest Grove Cir #10B, Palmer, AK, 99645 listed at $320,000 pairs $2,957/mo rent with a $1,566/mo payment to leave $765/mo cash flow. Total monthly income runs $2,957/mo, and annual cash flow reaches $9,180/yr on $106,080 cash to close. Return on cash invested measures 28.56% in year one, and rental yield registers 11.09% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 150.09% and total cumulative return in cash totals $159,219. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,957/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
5,227 sqft lot
$N/A/sqft
$242 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99645, Palmer, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,212 (100%) |
| Owner Occupied HU | 8,568 (70.2%) |
| Renter Occupied HU | 2,339 (19.2%) |
| Vacant Housing Units | 1,305 (10.7%) |
| Median Home Value | $385,372 |
| Average Home Value | $429,073 |
Housing Distribution
Address Breakdown
Residential
8,801
Single Family
8,469
Multi-Family
332
Businesses
831
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Listed by: Craig K Channer • Real Broker Wasilla
Mls Name: AKMLS
Mls Provider:
Mls ID: #25-6569
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