402 Boulevard #103BellinghamWA98225
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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
Total monthly income runs $3,110/mo, and a $3,348/mo payment. Purchase price stands at $684,000, and rental yield measures 5.46% with $3,110/mo rent. Return on cash invested shows 14.72% in year one, and 5% annual appreciation builds toward $188,977 over five years. Five-year ROI reaches 74.75% and total cumulative return in cash records $168,224. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,110/mo property income covering a $3,348/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98225, Bellingham, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,865 (100%) |
| Owner Occupied HU | 9,090 (38.1%) |
| Renter Occupied HU | 13,336 (55.9%) |
| Vacant Housing Units | 1,439 ( 6.0%) |
| Median Home Value | $726,050 |
| Average Home Value | $791,333 |
Housing Distribution
Address Breakdown
Residential
21,880
Single Family
15,965
Multi-Family
5,915
Businesses
2,556
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Listed by: Cerise Noah • Windermere Real Estate Whatcom
Mls Name: NWMLS
Mls ID: #2439869