1237 Island DriveLummi IslandWA98262
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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 Lummi Island at 1237 Island Drive, Lummi Island, WA, 98262 earns $50/mo cash flow from $2,605/mo rent with a $2,080/mo payment. Total monthly income totals $2,605/mo, and annual cash flow totals $605/yr on $140,888 capital. ROI tracks 20.34% on current figures, and rental yield reads 7.36% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 104.92% and total cumulative return in cash sums $147,821. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,605/mo property income instead of your personal income.
Single Family
Built in 1978
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98262, Lummi Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 962 (100%) |
| Owner Occupied HU | 436 (45.3%) |
| Renter Occupied HU | 67 ( 7.0%) |
| Vacant Housing Units | 459 (47.7%) |
| Median Home Value | $694,175 |
| Average Home Value | $803,991 |
Housing Distribution
Address Breakdown
Residential
586
Single Family
586
Multi-Family
0
Businesses
43
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Listed by: Angela Dixon • Lummi Island Realty LLC
Mls Name: NWMLS
Mls ID: #2401385