FOR_SALERisky Deal1 days on market

55022 Elata Ave

55022 Elata Ave, Homer, AK 99603, Homer, AK 99603
$975,000
Zestimate®:$1,002,700$27,700 Under Market

Listing Price

Property image 1
55022 Elata Ave, Homer, AK 99603
Loc: Homer, AK
Days Listed
1
Tax Assessed
$485k
Zestimate®
$1003k
3% Under Valued
Lot Size
9.94 acres
Rent Estimate
$3,262/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.

5

McNeil Canyon Elementary School

K-6
2.3 mi away
10

Homer Middle School

7-8
10.4 mi away
8

Homer High School

9-12
9.2 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
2.89%
Total ROI
4.1%
Cash Flow
$-2,579/mo
DSCR
0.48
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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
2026-08-18Listed for sale$1,045,000$484
2025-11-01Listing removed$0
2025-10-01Price change$895,000$415
2025-09-22Listed for sale$950,000$440
2019-01-25Sold$0
2018-12-20Pending sale$149,000$69
2018-06-18Price change$149,000$69
2018-06-09Listed for sale$159,000$74
2013-07-08Sold$0

Tax History

YearProperty TaxTax Assessment
2025$4,288.52$484,500
2024$4,285.8$446,100
2023$4,527.72$444,400
2022$2,265.6$242,000
2021$2,015.72$226,200
2020$1,720.88$157,300
2019$1,720.88$125,800
2018$1,383.8$125,800
2017$1,383.8$140,400
2016$794.2$75,200
2015$794.2$75,200
2014$794.2$75,200
2013$0$75,200
2012$0$75,200
2011$0$76,000
2010$0$76,000
2009$0$76,000
2008$0$72,200
2007$0$55,500
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
2,159
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: $975,000Rent Basis: Observed Comp Model ($3,262/mo)State Tax Benchmark: 1.19% (AK)Hazard Reserve: $284/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.15%

NOI: $20,967/yr

Cash-on-Cash Yield
-17.7%

On $224,250 invested

DSCR Ratio
0.35x

Negative debt coverage

5-Yr Leveraged ROI
+5.6%

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)-$480/mo
Homeowner / Hazard Insurance-$284/mo
Vacancy Reserve (5% of rent)-$163/mo
Repairs & Maintenance (10% of rent)-$326/mo
Property Management (8% of rent)-$261/mo
Total Pure Operating Expenses-$1,515/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,262/mo
Less: Operating Expenses-$1,515/mo
Net Operating Income (NOI)+$1,747/mo
Less: Debt Service (30yr @ 6.75%)-$5,059/mo
Net Cash Flow
$-3,312/mo
$-39,741/year
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