1957 Baltic Way #E108FerndaleWA98248
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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 1957 Baltic Way #E108, Ferndale, WA, 98248 offers a 9.51% rental yield on a $305,000 purchase with $2,416/mo rent. Total monthly income registers $2,416/mo, and a $1,493/mo payment leaves $582/mo available for distribution. Annual cash flow reaches $6,989/yr on $101,108 to close, and return on cash invested stands at 26.82% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,266 over five years. Portfolio math shows five-year ROI at 139.7% and total cumulative return in cash at $141,250. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,416/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2020
1,507 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: Ashleigh Abhold • Hansen Group Real Estate Inc
Mls Name: NWMLS
Mls ID: #2412487