Carlanna Lake Rd #402KetchikanAK99901
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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 Ketchikan at Carlanna Lake Rd #402, Ketchikan, AK, 99901 priced at $387,500 converts $2,764/mo rent into $402/mo cash flow after a $1,897/mo obligation. Total monthly income equals $2,764/mo, and annual cash flow totals $4,824/yr on $128,456 invested. Return on cash invested prints 23.66% in year one, and rental yield reads 8.56% against a $387,500 entry. Equity gained on principal adds $2,500/yr, while 5% annual appreciation compiles into $107,059 by year five. Five-year ROI reaches 122.85% and total cumulative return in cash sums $157,803. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,764/mo property income covering a $1,897/mo payment, not borrower’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99901, Ketchikan, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,611 (100%) |
| Owner Occupied HU | 3,365 (50.9%) |
| Renter Occupied HU | 2,201 (33.3%) |
| Vacant Housing Units | 1,045 (15.8%) |
| Median Home Value | $430,183 |
| Average Home Value | $449,007 |
Housing Distribution
Address Breakdown
Residential
4,622
Single Family
4,078
Multi-Family
544
Businesses
817
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