2920 Cedar AvenueLummi 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 2920 Cedar Avenue, Lummi Island, WA, 98262 with 5% annual appreciation on a $434,900 basis while $2,392/mo rent supports operations. 06% in year one. Equity gained on principal adds $2,806/yr, and five-year appreciation sums $120,155 alongside rental yield of 6.6%. Five-year ROI measures 92.69% and total cumulative return in cash totals $133,625. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,392/mo property income versus a $2,129/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
8,620 sqft 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: Spencer Flannery • RE/MAX Whatcom County, Inc.
Mls Name: NWMLS
Mls ID: #2376734