5682 Sunstone Place #103FerndaleWA98248
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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 Ferndale at 5682 Sunstone Place #103, Ferndale, WA, 98248 uses $177,658 cash to close to unlock $2,904/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $3,488/mo, and a $2,643/mo payment keeps the spread at $242/mo. Purchase price stands at $539,995, and rental yield measures 7.75% with $3,488/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $149,191 over five years. Five-year ROI reaches 112.14% and total cumulative return in cash records $199,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,488/mo property income covering a $2,643/mo payment rather than investor’s personal income.
Condo
Built in 2023
2,870 sqft lot
$N/A/sqft
No HOA
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
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Listed by: Drew R. Rosser • Windermere Real Estate Whatcom
Mls Name: NWMLS
Mls ID: #2435326