1401 Lakeway DriveBellinghamWA98229
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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 1401 Lakeway Drive, Bellingham, WA, 98229 with 5% annual appreciation on a $719,000 basis while $2,966/mo rent supports operations. 18% in year one. Equity gained on principal adds $4,640/yr, and five-year appreciation sums $198,646 alongside rental yield of 4.95%. Five-year ROI measures 66.51% and total cumulative return in cash totals $157,337. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,966/mo property income versus a $3,519/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1922
6,098 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: James Edwards • Redfin
Mls Name: NWMLS
Mls Provider:
Mls ID: #2299285
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website.