616 E Myrtle 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 616 E Myrtle Street, Bellingham, WA, 98225 earns from $2,310/mo rent with a $7,342/mo payment. Total monthly income totals $2,310/mo. ROI tracks 3.81% on current figures, and rental yield reads 1.85% at a $1,500,000 purchase. Equity gained on principal adds $9,679/yr, and 5% annual appreciation supports $414,422 over five years. Five-year ROI reaches 16.17% and total cumulative return in cash sums $78,575. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,310/mo property income instead of your personal income.
Multi Family
Built in 1904
4,791 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: Kena Greer Brashear • Muljat Group
Mls Name: NWMLS
Mls ID: #2456281