1372 Marine DriveBellinghamWA98225
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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 1372 Marine Drive, Bellingham, WA, 98225 uses $195,755 cash to close to unlock $4,051/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $3,914/mo, and a $2,912/mo payment keeps the spread at $338/mo. Purchase price stands at $595,000, and rental yield measures 7.89% with $3,914/mo rent. Return on cash invested shows 22.13% in year one, and 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 114.49% and total cumulative return in cash records $224,114. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,914/mo property income covering a $2,912/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.50 Acres 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: Stacy Graves • eXp Realty
Mls Name: NWMLS
Mls ID: #2409419