1224 Harris Ave APT 207BellinghamWA98225
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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
Investment property for sale in Bellingham at 1224 Harris Ave APT 207, Bellingham, WA, 98225 offers a 6.67% rental yield on a $379,900 purchase with $2,111/mo rent. 27% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 93.8% and total cumulative return in cash at $118,133. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,111/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: N/A • N/A
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