2 Marigold Drive #38BellinghamWA98229
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 2 Marigold Drive #38, Bellingham, WA, 98229 in Bellingham. At $189,000 it earns $1,886/mo in rent and distributes $456/mo to the owner after the $850/mo payment, a consistent 11.98% yield. DSCR 2.22 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $52,217 in value; $1,741/yr in principal paydown compounds ownership stake. Total projected return: $119,759.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 5.1% |
| Monthly Cash Flow | $456 | $1,850 |
City averages based on Bellingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,886 |
| Total Monthly Debt Service | $1,061 |
| DSCR Ratio | 1.78x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1976
N/A 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
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Azam Nader • Sun-Mark Real Estate Inc.
Mls Name: NWMLS
Mls ID: #2470487