615 5th St
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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 Douglas, AK property presents a challenging profile for conservative investors. While the 6-bedroom configuration and 2632 sqft size offer potential for high-density occupancy or house hacking, the current financials are prohibitive. A monthly cash flow of -$428.51 indicates that the property is an 'alligator'—consuming capital every month rather than producing it. The rental yield of 5.3% is currently lower than prevailing mortgage rates, resulting in negative leverage. Unless an investor can significantly increase the rent through a short-term rental strategy or provide a massive down payment to eliminate debt service, the negative carry makes this a speculative play on appreciation rather than a sound income investment.
- • High bedroom count (6) provides options for multi-generational living or room-by-room leasing
- • Douglas is a desirable submarket with limited inventory
- • Stable 4% annual appreciation forecast provides a long-term equity hedge
- • Large square footage at $254/sqft is competitive for the Alaska panhandle region
- • Negative monthly cash flow of -$428.51 creates immediate liquidity drain
- • 5.3% yield is insufficient to cover current financing costs (negative leverage)
- • 6-bedroom single-family homes have a smaller pool of traditional long-term tenants
- • High maintenance and utility overhead likely for a property of this size in a cold climate
10-Year Price Projection
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: $28,063/yr
On $154,215 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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