4372 Melcher AvenueLummi IslandWA98262
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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 Lummi Island at 4372 Melcher Avenue, Lummi Island, WA, 98262 listed at $725,000 pairs $3,097/mo rent with a $3,549/mo payment. Total monthly income runs $3,097/mo. Return on cash invested measures 13.71% in year one, and rental yield registers 5.13% at a $725,000 basis. Equity gained on principal adds $4,678/yr, and annual property appreciation at 5% supports $200,304 by year five. Five-year ROI tracks 69.36% and total cumulative return in cash totals $165,437. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,097/mo property income relative to a $3,549/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98262, Lummi Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 962 (100%) |
| Owner Occupied HU | 436 (45.3%) |
| Renter Occupied HU | 67 ( 7.0%) |
| Vacant Housing Units | 459 (47.7%) |
| Median Home Value | $694,175 |
| Average Home Value | $803,991 |
Housing Distribution
Address Breakdown
Residential
586
Single Family
586
Multi-Family
0
Businesses
43
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Listed by: Angela Dixon • Lummi Island Realty LLC
Mls Name: NWMLS
Mls ID: #2421492