For SaleRisky Deal1 days on market

403 Lightfoot St

403 Lightfoot St, Kodiak, AK 99615, Kodiak, AK 99615

$600,000

Zestimate®:$486,300

Listing Price

403 Lightfoot St, Kodiak, AK 99615

Loc: Kodiak, AK

Days Listed

Zestimate®

$486k

Market Rate

Lot Size

0.47 acres

Rent Estimate

$2,944/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.

North Star Elementary School

K-5

2.5 mi away

Kodiak Middle School

6-8

0.6 mi away

Kodiak High School

9-12

0.5 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 Residence1951ElectricNo Garage, No Carport0.47 Acres1 Day$304

Haven AI Verdict

Recommendation

Risky

Confidence Score: 5/10

Exercise caution due to potential market volatility.

Cap Rate

2.99%

Total ROI

23.9%

Cash Flow

$-1,616/mo

DSCR

0.48

Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-1,616/mo net cash flow with a 3.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths

• Prime residential location in Kodiak, 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
2026-09-14	Listed for sale	$600,000	$304

Getzels Group

Haven Team

CalRE #01884947

Call / Text

818.535.5337

Property Specs

Beds

Baths

Sq Ft

1,972

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 3b/2ba in Kodiak

+18% vs. list

Rehab Budget & Scope (1,972 sq ft)$88,740

Institutional Acquisition Rule75% Rule

Maximum Allowable Offer (MAO)

$442,260

Calculated as (75% × $708,000) − $88,740

Asking Price is $157,740 (26.3%) Above MAO

To achieve your target margin of 25%, submit an initial counteroffer closer to $442,260 based on $88,740 in required updates.

Current Asking Price:$600,000

Estimated ARV:$708,000

Estimated Renovation:$88,740

All-In Capital Basis (MAO + Rehab):$531,000

Projected Equity Margin:+$177,000

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: $600,000[Observed] Rent: $2,944/mo[Estimated] Tax Rate: 1.19% (AK)[Estimated] Hazard Ins: $175/mo[Defaulted] Reserves: 23% OpEx Baseline

Haven ScoreRisky

0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)

2.99%

NOI: $17,963/yr

Cash-on-Cash Yield

-14.1%

On $138,000 invested

DSCR Ratio

0.48x

Negative debt coverage