1200 W Dimond Blvd #302 · Anchorage, AK 99515

$55,000

3 bd · 2.0 ba · 980 sqft · Manufactured · 5 Days on market

Built 1972 Fair condition Est $66k · 16% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +14.8/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.9/5.0
• Schools +3.7/10.0
• Rent growth +3.4/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Convenient South Anchorage location close to shopping, grocery stores, dinning, trails and parks. Three beds, two baths and two parking spaces. Monthly space fee is $775.

Key facts

• Close to parks
• Close to dining
• Close to trails

Tags

• SOUTH ANCHORAGE LOCATION
• CLOSE TO SHOPPING
• CLOSE TO GROCERY STORES
• CLOSE TO DINING
• CLOSE TO TRAILS
• CLOSE TO PARKS

Property features AI

Finance

• Other: Paved road access; Directions: From Dimond Blvd turn to Dimond Estates; from mobile park entrance turn left to Crystal St, unit will be on the right (#302)
• HOA & community: Part of Dimond Estates association

Exterior

• Parking: 2 total parking spaces
• Utilities: Public sewer
• Home design: Mobile home; Built in 1972
• Construction: Other foundation
• Exterior features: Located in city limits; Paved driveway

Interior

• Bedrooms: 3 bedrooms
• Flooring: Carpet flooring
• Bathrooms: 2 full bathrooms
• Interior features: Security system

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $55k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $55k).
• Cap rate 37.0% vs local median 3.8% in Anchorage — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#6 in AK, #2,553 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• Anchorage School District (urban): math 37% / reading 43% proficiency, ranked #6 of 21 in AK (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Klatt Elementary (math 42% / reading 37%, grade F, #75 of 156 statewide, top 52%, 342 students, 65% FRL); Mears Middle School (math 30% / reading 47%, grade F, #17 of 36 statewide, top 46%, 733 students, 30% FRL); Dimond High School (math 37% / reading 41%, grade F, #23 of 61 statewide, top 37%, 1,443 students, 25% FRL) — zoned schools at 40% FRL track the district average.
• Market conditions: Rents rising (+3.6%/yr); 110 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 306 units permitted in Anchorage Municipality in 2024 (90 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Anchorage County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $15k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $55,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 4.12% ✓
• Cap rate: 37.03%
• Cash-on-cash: 109.78%
• DSCR: 5.88
• GRM: 2.0

CMA / ARV

• ARV (on-the-fly): $65,660
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1200 W Dimond Blvd #902	0.00mi	3/1.5	950 (-3%)	4mo	$20,000	$21	90
1206 Cameo St	0.08mi	3/1.5	960 (-2%)	11mo	$85,000	$89	82
1200 Dimond Blvd #1304	0.19mi	3/2.0	1,120 (+14%)	11mo	$75,000	$67	58

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.65% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.35×
• Total profit: $82,344
• Equity at exit: $8,201

10-year hold

• IRR: —
• Equity multiple: 13.57×
• Total profit: $193,584
• Equity at exit: $4,755

Cash invested: $15,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 80 Strongly Landlord-Friendly
• State Alaska: 80 Strongly Landlord-Friendly · R+8
• County: — inherits STATE
• City: — inherits STATE

30-day notice; security deposits capped; courts moderate-paced.

Methodology + full state rankings →

ZIP-level market 99515

• Rents YoY: 3.6%
• Active inventory: 110
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $2,265 high
• Mortgage (P&I): −$288
• Tax est. 1.5%: −$69 /mo · $825/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$476
• Net cashflow: $1,409

Break-even live

Break-even rent $481

Max offer price $55,000

Occupancy floor 33%

Sensitivity live

Price	-10% $1,447	-5% $1,428	+0% $1,409	+5% $1,390	+10% $1,371
Rent	-10% $1,230	-5% $1,319	+0% $1,409	+5% $1,498	+10% $1,588
Rate	-1.0pp $1,437	-0.5pp $1,423	base $1,409	+0.5pp $1,395	+1.0pp $1,380

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2001 W 80th Ave Anchorage, AK	2.0	1.0	730	$1,690	$2.32	15d	5	0.93mi
7538 Foxridge Way Unit 8H8H Anchorage, AK	2.0	2.0	741	$2,500	$3.37	15d	1	0.99mi
7371 Huntsmen Cir Unit 16A Anchorage, AK	2.0	2.0	741	$1,995	$2.69	45d	1	1.07mi
701 E 78th Ave Unit 705 Anchorage, AK	2.0	2.0	1020	$2,450	$2.40	15d	1	1.21mi
7301 Woburn Cir Anchorage, AK	2.0	1.5	1000	$1,550	$1.55	45d	1	1.32mi
9905 William Jones Cir Anchorage, AK	2.0–3.0	1.5–2.0	1171	$2,595	$2.22	15d	10	1.36mi

Listing history 6 events

1. 2026-06-18
   days on market $55,000 Active 5 DOM
2. 2026-06-17
   days on market $55,000 Active 4 DOM
3. 2026-06-16
   days on market $55,000 Active 3 DOM
4. 2026-06-15
   days on market $55,000 Active 2 DOM
5. 2026-06-14
   remarks 170-char remark
6. 2026-06-14
   listed $55,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $27,174
• − Mortgage interest: −$3,081
• − Property taxes: −$825
• − Insurance: −$275
• − Repairs & maintenance: −$2,174
• − Management: −$2,174
• − Depreciation: −$1,600
• Taxable income: $17,045
• Est. tax owed @ 24.0%: −$4,091
• After-tax cash flow: $12,816/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

The home requires moderate renovations to improve its curb appeal and interior aesthetics, which would significantly increase its resale and rental value.

Repairs flagged

• Major exterior siding — Significant wear and tear
• Moderate kitchen cabinets — Older style, dated appearance
• Moderate bathroom fixtures — Older style, dated appearance
• Minor flooring — Some wear, could be replaced

Value-add opportunities

• Both Paint interior walls — Enhances curb appeal and interior aesthetics
• Both Replace kitchen cabinets — Modernizes the kitchen and increases appeal
• Both Upgrade bathroom fixtures — Modernizes the bathrooms and increases appeal
• Both Replace flooring — Enhances the overall look and feel of the home

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear	Major	$15,000–50,000
kitchen cabinets · Older style, dated appearance	Moderate	$3,000–15,000
bathroom fixtures · Older style, dated appearance	Moderate	$3,000–15,000
flooring · Some wear, could be replaced	Minor	$500–3,000
Total estimated repair cost · 4 items		$21,500–83,000

Value-add ROI direction

• Both Paint interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Replace kitchen cabinets — Modernizes the kitchen and increases appeal ↑
• Both Upgrade bathroom fixtures — Modernizes the bathrooms and increases appeal ↑
• Both Replace flooring — Enhances the overall look and feel of the home ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Anchorage School District
• NCES district ID: 0200180
• Math proficiency: 37% ▼ -2.00%
• Reading proficiency: 43% ▲ 1.00%
• Median HH income: $76,447
• Composite: 37.0/100
• National rank: #4523
• State rank: #6 of 21 in AK

Livability — Anchorage

• Score: 78/100
• State rank: #6
• US rank: #2553

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Anchorage, AK
• County: Anchorage Borough · 246,594 people
• City population: 218,117
• Metro: Anchorage, AK
• Population (ZIP): 21,870
• Household income: $113,995
• Rent vs Own: 21.1% rent · 78.9% own
• Severe rent burden: 411.0

Population outlook (Anchorage County) Hauer SSP2

• Today (2025): 314,993 people
• By 2030: 321,771 · +2.2%
• By 2040: 335,493 · +6.5%
• By 2050: 352,799 · +12.0%
• By 2075: 414,771 · +31.7%
• By 2100: 474,485 · +50.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 59% Two or more races 15% Asian 12% Hispanic / Latino 9% Native American 4% Pacific Islander 4%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Portuguese 4% Lithuanian 3% Italian 2%
• Foreign-born: 14% · Canada, South Korea
• Languages at home: 79% English-only · Spanish 7% Tagalog/Filipino 5% Other Asian/Pacific 5%

Political lean MEDSL · Anchorage

• 2024 margin: D (+12.7) · D 56.3% · R 43.7%
• 2016→2024 swing: +27.9pp toward D · 2016: -15.2pp · 2024: 12.7pp
• All cycles: 2024: D+12.7 2016: R+15.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -205.45%
• Current HPI: 283.2778
• Rent YoY: ▲ 3.65%
• Metro: Anchorage, AK
• State GDP YoY: —
• F500 in state: 0

Price history

1 event — show timeline

• 2026-06-13 Listed $55,000 AKMLS