1515 38th StreetBellinghamWA98229
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 1515 38th Street, Bellingham, WA, 98229 in Bellingham. Rental yield 4.03%. At $1,140,000 with 4.03% gross yield, current distributions are modest, but the 5% appreciation rate projects $314,961 in new equity by year five, complemented by $10,500/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.75) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $237,054.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 5.1% |
| Monthly Cash Flow | $(3,020) | $1,850 |
City averages based on Bellingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,833 |
| Total Monthly Debt Service | $6,399 |
| DSCR Ratio | 0.60x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2012
8,712 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2012
8,712 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy C Amos • RE/MAX Whatcom County, Inc.
Mls Name: NWMLS
Mls ID: #2405912