1648 Scenic PlaceLyndenWA98264
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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
Rental property for sale in Lynden at 1648 Scenic Place, Lynden, WA, 98264 generates $3,173/mo in rent, after a $3,265/mo payment. Total monthly income is $3,173/mo. Return on cash invested sits at 15.48% in year one, and rental yield is 5.71% on a $667,000 entry. Equity gained on principal adds $4,304/yr, while 5% annual appreciation builds toward $184,280 over five years. Five-year ROI reaches 78.86% and total cumulative return in cash sums $173,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,173/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98264, Lynden, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,203 (100%) |
| Owner Occupied HU | 6,123 (66.5%) |
| Renter Occupied HU | 2,702 (29.4%) |
| Vacant Housing Units | 378 ( 4.1%) |
| Median Home Value | $695,202 |
| Average Home Value | $735,853 |
Housing Distribution
Address Breakdown
Residential
9,014
Single Family
8,560
Multi-Family
454
Businesses
816
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Listed by: Amy Solodyankin • Buck Real Estate
Mls Name: NWMLS
Mls ID: #2466158