2405 Barn Door CtFerndaleWA98248
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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 Ferndale at 2405 Barn Door Ct, Ferndale, WA, 98248 offers $4,708/mo rent that, after a $3,059/mo payment, leaves $951/mo cash flow. Total monthly income is $4,708/mo, and annual cash flow is $11,413/yr on $205,622 cash. Return on cash invested measures 25.61% in year one, and rental yield stands at 9.04% at a $624,990 entry. Equity gained on principal adds $4,033/yr while 5% annual appreciation compounds into $172,673 by year five. Five-year ROI records 133.17% and total cumulative return in cash reaches $273,826. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,708/mo property income versus a $3,059/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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: N/A • Richmond American Homes
Mls Name: Richmond Homes
Mls Provider:
Mls ID: #N/A