OFF_MARKETRisky Deal20 days on market

2565 Watergate Way

2565 Watergate Way, Kenai, AK 99611, Kenai, AK 99611
$979,000
Zestimate®:$945,000

Listing Price

Property image 1
2565 Watergate Way, Kenai, AK 99611
Loc: Kenai, AK
Days Listed
20
Tax Assessed
$723k
Zestimate®
$945k
Market Rate
Lot Size
0.92 acres
Rent Estimate
$3,269/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.

10

Aurora Borealis Charter School

K-8
2.2 mi away
6

Kenai Middle School

6-8
3.2 mi away
6

Kenai Central High School

9-12
3 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
2.19%
Total ROI
0.6%
Cash Flow
$-3,166/mo
DSCR
0.36
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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
2026-08-01Listed for sale$979,000$470
2026-07-16Listing removed$0
2026-06-25Listed for sale$998,500$479
2018-07-16Sold$0
2018-06-13Pending sale$689,000$330
2018-03-10Listed for sale$689,000$330
2018-01-04Listing removed$699,500$335
2017-07-03Listed for sale$699,500$335

Tax History

YearProperty TaxTax Assessment
2025$3,929.88$722,700
2024$3,785.84$686,700
2023$3,447.22$647,600
2022$3,456.24$641,900
2021$3,514.62$641,900
2020$3,564.44$647,400
2019$3,564.44$713,700
2018$6,466.14$801,400
2017$4,959.68$723,100
2016$2,794.7$644,400
2015$2,794.7$443,500
2014$2,794.7$456,000
2013$0$576,800
2012$0$566,100
2011$0$575,700
2010$0$596,300
2009$0$615,800
2008$0$625,700
2007$0$502,400
2006$0$375,900
2005$0$321,800
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
2,080
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: $979,000Rent Basis: Observed Comp Model ($3,269/mo)State Tax Benchmark: 1.19% (AK)Hazard Reserve: $286/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
1.86%

NOI: $18,173/yr

Cash-on-Cash Yield
-19.0%

On $225,170 invested

DSCR Ratio
0.30x

Negative debt coverage

5-Yr Leveraged ROI
+-0.8%

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)-$717/mo
Homeowner / Hazard Insurance-$286/mo
Vacancy Reserve (5% of rent)-$163/mo
Repairs & Maintenance (10% of rent)-$327/mo
Property Management (8% of rent)-$262/mo
Total Pure Operating Expenses-$1,755/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,269/mo
Less: Operating Expenses-$1,755/mo
Net Operating Income (NOI)+$1,514/mo
Less: Debt Service (30yr @ 6.75%)-$5,080/mo
Net Cash Flow
$-3,565/mo
$-42,784/year
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2565 Watergate Way | Kenai, AK | Haven AI Analysis | Haven by ScoutHavens