255 W Bakerview Road #B407BellinghamWA98226
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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 Bellingham at 255 W Bakerview Road #B407, Bellingham, WA, 98226 earns $214/mo cash flow from $2,408/mo rent with a $1,786/mo payment. Total monthly income totals $2,408/mo, and annual cash flow totals $2,573/yr on $120,998 capital. ROI tracks 22.04% on current figures, and rental yield reads 7.92% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 114.03% and total cumulative return in cash sums $137,971. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,408/mo property income instead of your personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98226, Bellingham, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,356 (100%) |
| Owner Occupied HU | 12,377 (58.0%) |
| Renter Occupied HU | 8,073 (37.8%) |
| Vacant Housing Units | 906 ( 4.2%) |
| Median Home Value | $663,456 |
| Average Home Value | $724,372 |
Housing Distribution
Address Breakdown
Residential
20,752
Single Family
17,827
Multi-Family
2,925
Businesses
1,416
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Listed by: Joan Vander Giessen • Windermere Real Estate Whatcom
Mls Name: NWMLS
Mls ID: #2472217