36982 Midway Dr
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.
Nearby Schools
Educational options and performance ratings in the area.
Sterling Elementary School
Soldotna Middle School
Connections Homeschool
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
This property represents a high-risk investment due to a severely negative monthly cash flow of -$1,403.90. At a $550,000 valuation, the 3% rental yield is insufficient to cover debt service, taxes, and maintenance, especially in a secondary market like Sterling, AK. While the 4% appreciation forecast is stable, it fails to offset the substantial annual operating deficit of over $16,800. For a conservative investor, this asset functions more as a liability than a wealth-building vehicle. The capital required to sustain the property exceeds standard risk tolerances, making it an unsuitable candidate for traditional buy-and-hold strategies unless significant equity is injected upfront.
- • Large 2,304 sqft living space providing competitive appeal to families
- • Moderate 4% annual appreciation forecast aligns with historical trends
- • Potential for seasonal/recreational demand given the Sterling location
- • Substantial negative cash flow requiring significant monthly out-of-pocket subsidy
- • Extremely low rental yield of 3% relative to the $550,000 acquisition cost
- • High price-to-rent ratio makes it vulnerable to market corrections
- • Limited exit liquidity in a small, niche Alaskan market
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-16 | Listed for sale | $550,000 | $239 |
| 2023-01-11 | Sold | $0 | – |
| 2022-10-03 | Pending sale | $399,000 | $173 |
| 2022-08-23 | Price change | $399,000 | $173 |
| 2022-08-12 | Listed for sale | $429,000 | $186 |
| 2022-08-04 | Pending sale | $429,000 | $186 |
| 2022-07-14 | Price change | $429,000 | $186 |
| 2022-06-24 | Listed for sale | $449,000 | $195 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,245.68 | $276,900 |
| 2024 | $2,351.32 | $263,600 |
| 2023 | $2,126.52 | $238,400 |
| 2022 | $1,784.42 | $203,700 |
| 2021 | $1,763.34 | $196,800 |
| 2020 | $1,792 | $200,000 |
| 2019 | $1,792 | $203,700 |
| 2018 | $1,825.16 | $203,400 |
| 2017 | $1,822.46 | $204,200 |
| 2016 | $1,241.28 | $172,500 |
| 2015 | $1,241.28 | $170,100 |
| 2014 | $1,241.28 | $166,700 |
| 2013 | $0 | $165,000 |
| 2012 | $0 | $168,800 |
| 2011 | $0 | $168,300 |
| 2010 | $0 | $191,600 |
| 2009 | $0 | $191,100 |
| 2008 | $0 | $170,000 |
| 2007 | $0 | $165,400 |
| 2006 | $0 | $134,300 |
| 2005 | $0 | $116,600 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $12,794/yr
On $126,500 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
Similar Properties Nearby
Explore other investment opportunities in Sterling.