9715 E Forest Grove Cir #5BPalmerAK99645
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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
Rental property for sale in Palmer at 9715 E Forest Grove Cir #5B, Palmer, AK, 99645 generates $2,368/mo in rent and, after a $1,561/mo payment, leaves $424/mo in cash flow. Total monthly income is $2,368/mo, and annual cash flow is $5,090/yr on $105,749 invested. Return on cash invested sits at 24.72% in year one, and rental yield is 8.91% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 128.56% and total cumulative return in cash sums $135,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,368/mo property income rather than buyer’s personal income.
Condo
Built in 2017
3,920 sqft lot
$N/A/sqft
No 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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