2877 N Nugent Road #M4Lummi 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
Rental property for sale in Lummi Island at 2877 N Nugent Road #M4, Lummi Island, WA, 98262 generates $3,427/mo in rent and, after a $1,857/mo payment, leaves $1,146/mo in cash flow. Total monthly income is $3,427/mo, and annual cash flow is $13,755/yr on $125,804 invested. Return on cash invested sits at 30.84% in year one, and rental yield is 10.84% on a $379,500 entry. Equity gained on principal adds $2,449/yr, while 5% annual appreciation builds toward $104,849 over five years. Five-year ROI reaches 161.27% and total cumulative return in cash sums $202,884. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,427/mo property income rather than buyer’s personal income.
Condo
Built in 1979
N/A 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: Angela Dixon • Lummi Island Realty LLC
Mls Name: NWMLS
Mls ID: #2452180