508 Gladstone StreetBellinghamWA98225
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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 508 Gladstone Street, Bellingham, WA, 98225 with 5% annual appreciation on a $474,999 basis while $2,510/mo rent supports operations. 28% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,233 alongside rental yield of 6.34%. Five-year ROI measures 88.5% and total cumulative return in cash totals $139,350. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,510/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1925
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98225, Bellingham, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,865 (100%) |
| Owner Occupied HU | 9,090 (38.1%) |
| Renter Occupied HU | 13,336 (55.9%) |
| Vacant Housing Units | 1,439 ( 6.0%) |
| Median Home Value | $726,050 |
| Average Home Value | $791,333 |
Housing Distribution
Address Breakdown
Residential
21,880
Single Family
15,965
Multi-Family
5,915
Businesses
2,556
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Listed by: David Hovde • Windermere Real Estate Whatcom
Mls Name: NWMLS
Mls ID: #2458213