500 Darby Drive #209BellinghamWA98226
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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 500 Darby Drive #209, Bellingham, WA, 98226 uses $111,053 cash to close to unlock $107/yr annual cash flow and $9/mo monthly cash flow. Total monthly income runs $2,023/mo, and a $1,640/mo payment keeps the spread at $9/mo. Purchase price stands at $335,000, and rental yield measures 7.25% with $2,023/mo rent. Return on cash invested shows 20.01% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 103.12% and total cumulative return in cash records $114,512. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,023/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98226, Bellingham, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,356 (100%) |
| Owner Occupied HU | 12,377 (58.0%) |
| Renter Occupied HU | 8,073 (37.8%) |
| Vacant Housing Units | 906 ( 4.2%) |
| Median Home Value | $663,456 |
| Average Home Value | $724,372 |
Housing Distribution
Address Breakdown
Residential
20,752
Single Family
17,827
Multi-Family
2,925
Businesses
1,416
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Listed by: Alana Mey • COMPASS
Mls Name: NWMLS
Mls ID: #2461132