414 Boulevard #105BellinghamWA98225
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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 Bellingham at 414 Boulevard #105, Bellingham, WA, 98225 listed at $360,000 pairs $2,182/mo rent with a $1,762/mo payment to leave $18/mo cash flow. Total monthly income runs $2,182/mo, and annual cash flow reaches $216/yr on $119,340 cash to close. Return on cash invested measures 20.09% in year one, and rental yield registers 7.27% at a $360,000 basis. Equity gained on principal adds $2,323/yr, and annual property appreciation at 5% supports $99,461 by year five. Five-year ROI tracks 103.56% and total cumulative return in cash totals $123,585. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,182/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1964
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: Don Hale • Keller Williams Western Realty
Mls Name: NWMLS
Mls ID: #2407833