3 Canyon CourtBellinghamWA98229
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 3 Canyon Court, Bellingham, WA, 98229 in Bellingham is capital appreciation. Rental yield 3.85%. The 3.85% gross yield at $694,900 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $191,988 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.71) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $128,143.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.9% | 5.1% |
| Monthly Cash Flow | $(2,106) | $1,850 |
City averages based on Bellingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,227 |
| Total Monthly Debt Service | $4,057 |
| DSCR Ratio | 0.55x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
6,390 sqft lot
$N/A/sqft
$156 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2025
6,390 sqft lot
$N/A/sqft
$156 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Greg Paul • RE/MAX Whatcom County, Inc.
Mls Name: NWMLS
Mls Provider:
Mls ID: #2362010
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)