505 Clover LaneBellinghamWA98226
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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 Bellingham at 505 Clover Lane, Bellingham, WA, 98226 offers $2,280/mo rent that, after a $1,855/mo payment, leaves $2/mo cash flow. Total monthly income is $2,280/mo, and annual cash flow is $21/yr on $125,639 cash. Return on cash invested measures 19.93% in year one, and rental yield stands at 7.22% at a $379,000 entry. Equity gained on principal adds $2,446/yr while 5% annual appreciation compounds into $104,711 by year five. Five-year ROI records 102.69% and total cumulative return in cash reaches $129,023. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,280/mo property income versus a $1,855/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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: Scott A. Talbot • Muljat Group
Mls Name: NWMLS
Mls ID: #2461482