OFF_MARKETRisky Deal0 days on market

255 Lee Dr

255 Lee Dr, Homer, AK 99603, Homer, AK 99603
$395,000
Zestimate®:$387,600

Listing Price

Property image 1
255 Lee Dr, Homer, AK 99603
Loc: Homer, AK
Days Listed
0
Tax Assessed
$396k
Zestimate®
$388k
Market Rate
Lot Size
6,970 sqft
Rent Estimate
$2,207/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

8

West Homer Elementary School

3-6
1 mi away
10

Homer Middle School

7-8
0.6 mi away
8

Homer High School

9-12
0.5 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
4.68%
Total ROI
13.1%
Cash Flow
$-456/mo
DSCR
0.77
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-06-03Sold$0
2026-04-20Pending sale$395,000$222
2026-04-15Listed for sale$395,000$222
2025-11-03Listing removed$399,500$225
2025-07-31Price change$399,500$225
2025-05-14Listed for sale$416,000$234
2014-08-28Sold$0
2014-07-23Price change$249,500$140
2014-03-05Listed for sale$279,500$157

Tax History

YearProperty TaxTax Assessment
2025$3,879.86$395,500
2024$3,737.72$364,300
2023$3,326.24$304,600
2022$3,233.74$287,700
2021$3,182.6$278,200
2020$3,176.88$277,700
2019$3,176.88$268,600
2018$3,088.9$261,300
2017$3,004.96$244,800
2016$135.9$226,600
2015$135.9$196,200
2014$135.9$195,100
2013$0$191,700
2012$0$204,700
2011$0$200,200
2010$0$199,000
2009$0$202,500
2008$0$211,600
2007$0$180,600
2006$0$170,100
2005$0$144,300
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
1,776
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $395,000Rent Basis: Observed Comp Model ($2,207/mo)State Tax Benchmark: 1.19% (AK)Hazard Reserve: $115/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.62%

NOI: $14,306/yr

Cash-on-Cash Yield
-11.3%

On $90,850 invested

DSCR Ratio
0.58x

Negative debt coverage

5-Yr Leveraged ROI
+37.6%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (1.19% of basis)-$392/mo
Homeowner / Hazard Insurance-$115/mo
Vacancy Reserve (5% of rent)-$110/mo
Repairs & Maintenance (10% of rent)-$221/mo
Property Management (8% of rent)-$177/mo
Total Pure Operating Expenses-$1,015/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,207/mo
Less: Operating Expenses-$1,015/mo
Net Operating Income (NOI)+$1,192/mo
Less: Debt Service (30yr @ 6.75%)-$2,050/mo
Net Cash Flow
$-857/mo
$-10,289/year
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