Off MarketRisky Deal1 days on market

1551 Skyline Dr

1551 Skyline Dr, Homer, AK 99603, Homer, AK 99603

$1,098,000

Zestimate®:$848,500

Listing Price

1551 Skyline Dr, Homer, AK 99603

Loc: Homer, AK

Days Listed

Tax Assessed

$845k

Zestimate®

$849k

Market Rate

Lot Size

1.57 acres

Rent Estimate

$3,977/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.

N/A

Paul Banks Elementary School

PK-2

1.3 mi away

Homer Middle School

7-8

2.7 mi away

Homer High School

9-12

1.6 mi away

Property Overview

No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.

Features & Amenities

Single Family Residence2003Natural Gas, Radiant FloorOpen Parking1.57 Acres1 Day$387

Haven AI Verdict

Recommendation

Risky

Confidence Score: 5/10

Exercise caution due to potential market volatility.

Cap Rate

2.08%

Total ROI

4.1%

Cash Flow

$-3,793/mo

DSCR

0.33

Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-3,793/mo net cash flow with a 2.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths

• Prime residential location in Homer, AK
• Long-term capital appreciation corridor

Considerations

• Verify historical operating expenses and local tax assessment
• Confirm current lease terms and tenant estoppel certificates

10-Year Price Projection

Price & Tax History

Price History

Date	Event	Price	Price/sqft
2009-11-01	Listing removed	$495,000	$174
2009-09-26	Price change	$495,000	$174
2009-09-11	Listed for sale	$595,000	$210

Tax History

Year	Property Tax	Tax Assessment
2025	$7,933.96	$845,000
2024	$7,054.36	$724,400
2023	$6,287.34	$613,400
2022	$6,077.58	$578,700
2021	$5,953.38	$558,600
2020	$5,932.8	$556,800
2019	$5,932.8	$537,600
2018	$6,182.4	$515,900
2017	$5,492.86	$502,200
2016	$4,335.82	$464,600
2015	$4,335.82	$402,100
2014	$4,335.82	$403,900
2013	$0	$400,000
2012	$0	$426,400
2011	$0	$403,700
2010	$0	$404,000
2009	$0	$409,400
2008	$0	$443,500
2007	$0	$379,800
2006	$0	$385,400
2005	$0	$325,800

Getzels Group

Haven Team

CalRE #01884947

Call / Text

818.535.5337

Property Specs

Beds

Baths

Sq Ft

2,838

Address-Level Value-Add Underwriting

ARV, Rehab & Maximum Allowable Offer (MAO)

Model contractor scopes, estimated after-repair value (ARV) projections, and determine your purchase price ceiling to protect target margins.

Estimated After-Repair Value (ARV) [estimated]Modeled value-add projection (+18% baseline) for 4b/4ba in Homer

+18% vs. list

Rehab Budget & Scope (2,838 sq ft)$127,710

Institutional Acquisition Rule75% Rule

Maximum Allowable Offer (MAO)

$844,020

Calculated as (75% × $1,295,640) − $127,710

Asking Price is $253,980 (23.1%) Above MAO

To achieve your target margin of 25%, submit an initial counteroffer closer to $844,020 based on $127,710 in required updates.

Current Asking Price:$1,098,000

Estimated ARV:$1,295,640

Estimated Renovation:$127,710

All-In Capital Basis (MAO + Rehab):$971,730

Projected Equity Margin:+$323,910

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 Provenance:[Observed] List Price: $1,098,000[Observed] Rent: $3,977/mo[Estimated] Tax Rate: 1.19% (AK)[Estimated] Hazard Ins: $320/mo[Defaulted] Reserves: 23% OpEx Baseline

Haven ScoreRisky

0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)

2.08%

NOI: $22,852/yr

Cash-on-Cash Yield

-18.0%

On $252,540 invested

DSCR Ratio

0.33x

Negative debt coverage