1942 Trigg Rd #38FerndaleWA98248
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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 Ferndale at 1942 Trigg Rd #38, Ferndale, WA, 98248 uses $41,404 cash to close to unlock $2,358/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $947/mo, and a $611/mo payment keeps the spread at $197/mo. Purchase price stands at $124,900, and rental yield measures 9.1% with $947/mo rent. Return on cash invested shows 25.6% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 133.2% and total cumulative return in cash records $55,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $947/mo property income covering a $611/mo payment rather than investor’s personal income.
Manufactured
Built in 1969
731.81 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98248, Ferndale, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,736 (100%) |
| Owner Occupied HU | 7,678 (71.5%) |
| Renter Occupied HU | 2,550 (23.8%) |
| Vacant Housing Units | 508 ( 4.7%) |
| Median Home Value | $661,579 |
| Average Home Value | $699,299 |
Housing Distribution
Address Breakdown
Residential
10,006
Single Family
9,821
Multi-Family
185
Businesses
903
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Listed by: Maria E Midence • HomeSmart One Realty
Mls Name: NWMLS
Mls ID: #2394230