Carlanna Lake Rd #406KetchikanAK99901
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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 Ketchikan at Carlanna Lake Rd #406, Ketchikan, AK, 99901 with 5% annual appreciation on a $387,500 basis while $2,603/mo rent supports operations. Total monthly income totals $2,603/mo and a $1,897/mo payment preserves $241/mo for cash returns. Annual cash flow comes to $2,892/yr on $128,456 deployed, and return on cash invested reaches 22.16% in year one. Equity gained on principal adds $2,500/yr, and five-year appreciation sums $107,059 alongside rental yield of 8.06%. Five-year ROI measures 114.77% and total cumulative return in cash totals $147,435.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,603/mo property income versus a $1,897/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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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