FOR_SALEAverage Deal4 days on market

251 McCarrey St #V-23c

251 McCarrey St #V-23c, Anchorage, AK 99508, Anchorage, AK 99508
$156,000
Zestimate®:$154,400

Listing Price

Property image 1
251 McCarrey St #V-23c, Anchorage, AK 99508
Loc: Anchorage, AK
Days Listed
4
Tax Assessed
$133k
Zestimate®
$154k
Market Rate
Rent Estimate
$1,657/mo
Est. Cash Flow base
Type
condo

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.

4

Wonder Park Elementary School

PK-5
0.3 mi away
2

Clark Middle School

6-8
0.6 mi away
5

Bartlett High School

PK-12
2.3 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
Average
Confidence Score: 6/10
Exercise caution due to potential market volatility.
Cap Rate
9.68%
Total ROI
38.1%
Cash Flow
$470/mo
DSCR
1.60
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Data provided by Haven AI. Disclaimer

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Haven AI

At a purchase price of $156,000, this Anchorage condo offers a high gross rental yield, making it an attractive entry-level cash flow asset. However, the projected monthly cash flow of $469 is highly sensitive to vacancy rates, maintenance costs, and potential HOA assessments, which are common in older condo units. While the yield is strong, Anchorage faces unique economic risks linked to regional energy and federal spending. The conservative investor should account for potential capital expenditures that could quickly evaporate the thin monthly margin. It is a viable holding for an investor seeking cash flow, but appreciation may be limited compared to high-growth markets.

Strengths
  • Attractive price point for lower barrier to entry
  • High gross rental yield exceeds national averages
  • Positive cash flow in a stable municipal market
Considerations
  • HOA fees and potential special assessments can erode margins
  • Limited long-term appreciation potential in the Anchorage condo market
  • Operational volatility due to regional economic reliance on oil and gas sectors
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-09-11Listed for sale$156,000$193
2023-12-26Sold$0
2023-11-01Pending sale$130,000$161
2023-10-25Listed for sale$130,000$161
2009-07-20Sold$0

Tax History

YearProperty TaxTax Assessment
2025$2,095.33$132,700
2024$1,556.38$96,400
2023$1,631.47$95,800
2022$1,466.76$87,100
2021$0$81,100
2020$0$92,400
2019$0$97,500
2018$0$97,500
2017$1,462.02$93,200
2016$1,462.02$89,900
2015$1,462.02$90,200
2014$1,462.02$85,100
2013$0$90,400
2012$0$93,900
2011$0$98,000
2010$0$90,300
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
1
Sq Ft
807
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: $156,000Rent Basis: Observed Comp Model ($1,657/mo)State Tax Benchmark: 1.19% (AK)Hazard Reserve: $100/mo
Haven ScoreExcellent
8/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
8.03%

NOI: $12,532/yr

Cash-on-Cash Yield
7.9%

On $35,880 invested

DSCR Ratio
1.29x

Prime loan qualification

5-Yr Leveraged ROI
+133.5%

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)-$132/mo
Homeowner / Hazard Insurance-$100/mo
Vacancy Reserve (5% of rent)-$83/mo
Repairs & Maintenance (10% of rent)-$166/mo
Property Management (8% of rent)-$133/mo
Total Pure Operating Expenses-$613/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,657/mo
Less: Operating Expenses-$613/mo
Net Operating Income (NOI)+$1,044/mo
Less: Debt Service (30yr @ 6.75%)-$809/mo
Net Cash Flow
$235/mo
$2,818/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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