416 Stremler DriveLyndenWA98264
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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
Rental property for sale in Lynden at 416 Stremler Drive, Lynden, WA, 98264 offers $2,978/mo rent that, after a $3,402/mo payment. Total monthly income is $2,978/mo. Return on cash invested measures 13.76% in year one, and rental yield stands at 5.14% at a $695,000 entry. Equity gained on principal adds $4,485/yr while 5% annual appreciation compounds into $192,016 by year five. Five-year ROI records 69.6% and total cumulative return in cash reaches $159,150. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,978/mo property income versus a $3,402/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98264, Lynden, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,203 (100%) |
| Owner Occupied HU | 6,123 (66.5%) |
| Renter Occupied HU | 2,702 (29.4%) |
| Vacant Housing Units | 378 ( 4.1%) |
| Median Home Value | $695,202 |
| Average Home Value | $735,853 |
Housing Distribution
Address Breakdown
Residential
9,014
Single Family
8,560
Multi-Family
454
Businesses
816
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Listed by: Marty Whitman • HomeSmart One Realty
Mls Name: NWMLS
Mls ID: #2410743