2965 Dogwood TerraceLummi 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 2965 Dogwood Terrace, Lummi Island, WA, 98262 listed at $499,000 pairs $3,209/mo rent with a $2,442/mo payment to leave $210/mo cash flow. Total monthly income runs $3,209/mo, and annual cash flow reaches $2,517/yr on $165,419 cash to close. Return on cash invested measures 21.43% in year one, and rental yield registers 7.72% at a $499,000 basis. Equity gained on principal adds $3,220/yr, and annual property appreciation at 5% supports $137,865 by year five. Five-year ROI tracks 110.76% and total cumulative return in cash totals $183,222. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,209/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
0.34 Acres 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: Sandiann (Sandi) Qualls • RE/MAX Whatcom County, Inc.
Mls Name: NWMLS
Mls ID: #2431800