L8-B16 Tenakee AveHoonahAK99829
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find L8-B16 Tenakee Ave, Hoonah, AK, 99829 in Hoonah worth modelling. At $110,000 with a 9.37% gross yield, the $859/mo rent leaves $189/mo after the $495/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.74 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $30,391 by year five; $1,013/yr in principal reduction adds further equity. Total projected return: $53,773.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $189 | $1,200 |
City averages based on Hoonah market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $859 |
| Total Monthly Debt Service | $627 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2001
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99829, Hoonah, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 792 (100%) |
| Owner Occupied HU | 320 (40.4%) |
| Renter Occupied HU | 160 (20.2%) |
| Vacant Housing Units | 312 (39.4%) |
| Median Home Value | $356,522 |
| Average Home Value | $394,023 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
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 2001
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99829, Hoonah, AK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 792 (100%) |
| Owner Occupied HU | 320 (40.4%) |
| Renter Occupied HU | 160 (20.2%) |
| Vacant Housing Units | 312 (39.4%) |
| Median Home Value | $356,522 |
| Average Home Value | $394,023 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.