1001 N State Street #209BellinghamWA98225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Bellingham at 1001 N State Street #209, Bellingham, WA, 98225 uses $119,307 cash to close to unlock $817/yr annual cash flow and $68/mo monthly cash flow. Total monthly income runs $2,232/mo, and a $1,762/mo payment keeps the spread at $68/mo. Purchase price stands at $359,900, and rental yield measures 7.44% with $2,232/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 106.32% and total cumulative return in cash records $126,842. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,232/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98225, Bellingham, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,865 (100%) |
| Owner Occupied HU | 9,090 (38.1%) |
| Renter Occupied HU | 13,336 (55.9%) |
| Vacant Housing Units | 1,439 ( 6.0%) |
| Median Home Value | $726,050 |
| Average Home Value | $791,333 |
Housing Distribution
Address Breakdown
Residential
21,880
Single Family
15,965
Multi-Family
5,915
Businesses
2,556
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacqynette Shook • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2465037