1007 22nd StreetBellinghamWA98225
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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
Rental property for sale in Bellingham at 1007 22nd Street, Bellingham, WA, 98225 generates $4,453/mo in rent and, after a $3,181/mo payment, leaves $546/mo in cash flow. Total monthly income is $4,453/mo, and annual cash flow is $6,554/yr on $213,850 invested. Return on cash invested sits at 23.13% in year one, and rental yield is 8.22% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 119.83% and total cumulative return in cash sums $256,262. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,453/mo property income rather than buyer’s personal income.
Multi Family
Built in 1897
4,791 sqft 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
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Listed by: Michelle R Harrington • COMPASS
Mls Name: NWMLS
Mls ID: #2458546