For SaleRisky Deal24 days on market
662 Lermo Dr
662 Lermo Dr, Ketchikan, AK 99901, Ketchikan, AK 99901
$795,000
Estimate®:$755,500
Listing Price
662 Lermo Dr, Ketchikan, AK 99901
Loc: Ketchikan, AK
Days Listed
24
Tax Assessed
$571k
Estimate®
$756k
Market Rate
Lot Size
3,695 sqft
Rent Estimate
$3,508/mo
Est. Cash Flow base
Type
multi 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
Point Higgins School
PK-6
4.4 mi away
5
Schoenbar Middle School
7-8
6.9 mi away
6
Ketchikan High School
9-12
5.4 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
multi-level homeelevated deckwrap-around terracemetal roofingwood sidingwooded settingforest viewsstilt architecturecontemporarynature-integratedlarge windowsoutdoor living spacessloped terrainsecludedresidential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.31%
Total ROI
9.0%
Cash Flow
$-2,597/mo
DSCR
0.37
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,597/mo net cash flow with a 2.3% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Ketchikan, 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 |
|---|---|---|---|
| 2026-08-31 | Listed for sale | $795,000 | $53 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,903.19 | $411,800 |
| 2024 | $2,780.64 | $388,900 |
| 2023 | $2,631.88 | $346,300 |
| 2022 | $2,472.28 | $325,300 |
| 2021 | $0 | $309,800 |
| 2020 | $2,292.52 | $309,800 |
| 2019 | $2,217.78 | $299,700 |
| 2018 | $2,149.7 | $290,500 |
| 2017 | $0 | $270,600 |
| 2016 | $0 | $250,600 |
| 2015 | $0 | $236,700 |
| 2014 | $0 | $236,700 |
| 2013 | $0 | $292,600 |
| 2012 | $0 | $292,600 |
| 2011 | $0 | $292,600 |
| 2010 | $0 | $292,600 |
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