2452 Aldergrove RoadFerndaleWA98248
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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 2452 Aldergrove Road, Ferndale, WA, 98248 uses $323,736 cash to close to unlock $4,094/yr annual cash flow and $341/mo monthly cash flow. Total monthly income runs $6,256/mo, and a $4,816/mo payment keeps the spread at $341/mo. Purchase price stands at $984,000, and rental yield measures 7.63% with $6,256/mo rent. Return on cash invested shows 21.33% in year one, and 5% annual appreciation builds toward $271,861 over five years. Five-year ROI reaches 110.17% and total cumulative return in cash records $356,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,256/mo property income covering a $4,816/mo payment rather than investor’s personal income.
Single Family
Built in 1938
5 Acres 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: Heather Williams • HomeSmart One Realty
Mls Name: NWMLS
Mls ID: #2458034