4915 Samish Way #16BellinghamWA98229
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 4915 Samish Way #16, Bellingham, WA, 98229 in Bellingham: $2,942/mo in rent, $1,349/mo net, 13.32% gross yield, all on a $265,000 acquisition. The 2.47 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $73,215 in value, and $2,441/yr in principal paydown steadily builds equity. Projected total cumulative return: $187,123.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.3% | 5.1% |
| Monthly Cash Flow | $1,349 | $1,850 |
City averages based on Bellingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,942 |
| Total Monthly Debt Service | $1,488 |
| DSCR Ratio | 1.98x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
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
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Norman Bonnickson • HomeSmart One Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2370196
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-27 04:30:07 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)