FOR_SALERisky Deal5 days on market

18112 E Pine Needle Way

18112 E Pine Needle Way, Palmer, AK 99645, Palmer, AK 99645
$699,000
Zestimate®:$587,900

Listing Price

Property image 1
18112 E Pine Needle Way, Palmer, AK 99645
Loc: Palmer, AK
Days Listed
5
Tax Assessed
$472k
Zestimate®
$588k
Market Rate
Lot Size
1.69 acres
Rent Estimate
$3,123/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.

6

Butte Elementary School

PK-5
0.6 mi away
7

Palmer Middle School

6-8
5.8 mi away
4

Palmer High School

9-12
6.9 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
3.84%
Total ROI
8.9%
Cash Flow
$-1,296/mo
DSCR
0.63
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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
2023-12-20Listing removed$480,000$196
2023-04-05Sold$0
2023-03-01Pending sale$510,000$208
2023-02-24Listed for sale$510,000$208
2022-11-11Listing removed$0
2022-10-02Price change$480,000$196
2022-08-07Price change$499,000$203
2022-06-16Price change$509,999$208
2022-06-08Listed for sale$519,999$212
2017-10-26Sold$0
2017-05-12Sold$0

Tax History

YearProperty TaxTax Assessment
2025$2,781.91$472,200
2024$2,830.22$190,819
2023$6,494.24$442,900
2022$6,050.28$386,500
2021$5,845.66$338,800
2020$5,630.96$317,900
2019$5,544.36$310,800
2018$5,270.87$296,800
2017$438.67$26,000
2016$438.67$26,000
2015$438.67$26,000
2006$0$26,000
2005$0$22,000
2004$0$15,500
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
2,453
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: $699,000Rent Basis: Observed Comp Model ($3,123/mo)State Tax Benchmark: 1.19% (AK)Hazard Reserve: $204/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.97%

NOI: $20,789/yr

Cash-on-Cash Yield
-14.1%

On $160,770 invested

DSCR Ratio
0.48x

Negative debt coverage

5-Yr Leveraged ROI
+23.5%

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)-$468/mo
Homeowner / Hazard Insurance-$204/mo
Vacancy Reserve (5% of rent)-$156/mo
Repairs & Maintenance (10% of rent)-$312/mo
Property Management (8% of rent)-$250/mo
Total Pure Operating Expenses-$1,391/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,123/mo
Less: Operating Expenses-$1,391/mo
Net Operating Income (NOI)+$1,732/mo
Less: Debt Service (30yr @ 6.75%)-$3,627/mo
Net Cash Flow
$-1,895/mo
$-22,734/year
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