5593 Farmstead PlFerndaleWA98248








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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


Investment Highlights
Investment property for sale in Ferndale at 5593 Farmstead Pl, Ferndale, WA, 98248 listed at $649,990 pairs $6,256/mo rent with a $3,181/mo payment to leave $2,349/mo cash flow. Total monthly income runs $6,256/mo, and annual cash flow reaches $28,190/yr on $213,847 cash to close. Return on cash invested measures 33.24% in year one, and rental yield registers 11.55% at a $649,990 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,580 by year five. Five-year ROI tracks 174.09% and total cumulative return in cash totals $372,287. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,256/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98248, Ferndale, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,736 (100%) |
| Owner Occupied HU | 7,678 (71.5%) |
| Renter Occupied HU | 2,550 (23.8%) |
| Vacant Housing Units | 508 ( 4.7%) |
| Median Home Value | $661,579 |
| Average Home Value | $699,299 |
Housing Distribution
Address Breakdown
Residential
10,006
Single Family
9,821
Multi-Family
185
Businesses
903
Price History
Date | Event | Price |
|---|---|---|
| 2025-11-25 | Price change | $649,990 |
| 2025-11-04 | Listed for sale | $674,990 |
| 2025-09-18 | Listing removed | $674,990 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-15 | $1378.47 | N/A | $183,330 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices



Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2025
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 2,090 sqft
- Property Condition: New Construction,Under Construction
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Eagle Ridge Elementary School
- Middle School: Horizon Middle School
- High School: Ferndale High School
Listed by: N/A • Richmond American Homes
Mls Name: Richmond Homes
Mls Provider:
Mls ID: #N/A







