3340 Southbend PlaceBellinghamWA98226
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
Investment Highlights
Investment property for sale in Bellingham at 3340 Southbend Place, Bellingham, WA, 98226 listed at $1,350,000 pairs $2,667/mo rent with a $6,608/mo payment. Total monthly income runs $2,667/mo. Return on cash invested measures 5.42% in year one, and rental yield registers 2.37% at a $1,350,000 basis. Equity gained on principal adds $8,711/yr, and annual property appreciation at 5% supports $372,980 by year five. Five-year ROI tracks 24.82% and total cumulative return in cash totals $108,557. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,667/mo property income relative to a $6,608/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1996
8,150 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jared English • Congress Realty
Mls Name: NWMLS
Mls ID: #2412937