Is Anchorage, AK a good market for STR?

[Alex S.]

I found a few SFR properties in Anchorage, AK that will cashflow as STR and wondering if it's a good market to invest in. Even taking into account high occupancy during the season and low occupancy during the off-season (avg occupancy 60%):

https://www.redfin.com/AK/Anchorage/2100-North-Star-St-99503...

- Purchase price: 600k

- Strategy: STR (5b4b 14 guests)

- STR income: 132.6k (Aridna data) / 11.05k monthly

- CoC: 17.5%

Here is another example, just a random on-market deal where number works:

https://www.redfin.com/AK/Anchorage/3640-Chiniak-Bay-Dr-9951...

- Purchase price: 550k

- Strategy: STR (5b2.5b 14 guests)

- STR income: 124k / 10.3k monthly

- CoC: 19.79%

Alternatively, I discovered a few small multifamily properties with a mix of LTR+MTR+STR to help with occupancy optimization, and I can see that on-market 4-plexes like this one with a cost of around 600k will cashflow and gross a similar 110k-120k yearly.

I see that population growth slowed down, and maintenance/utilities should be much higher due to harsh winters. 

Does anyone here invest in this market?  

Do I miss something in the analysis of the deal?