231 E 1st StLummi IslandWA98262
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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 Lummi Island at 231 E 1st St, Lummi Island, WA, 98262 earns from $3,600/mo rent with a $3,035/mo payment. Total monthly income totals $3,600/mo. ROI tracks 19.31% on current figures, and rental yield reads 6.97% at a $620,000 purchase. Equity gained on principal adds $4,001/yr, and 5% annual appreciation supports $171,295 over five years. Five-year ROI reaches 99.36% and total cumulative return in cash sums $202,683. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,600/mo property income instead of your personal income.
Multi Family
Built in 1911
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98262, Lummi Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 962 (100%) |
| Owner Occupied HU | 436 (45.3%) |
| Renter Occupied HU | 67 ( 7.0%) |
| Vacant Housing Units | 459 (47.7%) |
| Median Home Value | $694,175 |
| Average Home Value | $803,991 |
Housing Distribution
Address Breakdown
Residential
586
Single Family
586
Multi-Family
0
Businesses
43
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Listed by: Sarah Forshaw • CB - Uptown Realty PA
Mls Name: Olympic Listing Service
Mls ID: #391086
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.