701 Springside 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
Investment property for sale in Bellingham at 701 Springside Lane, Bellingham, WA, 98226 offers a 5.58% rental yield on a $644,900 purchase with $2,997/mo rent. 09% in year one. Equity gained on principal adds $4,161/yr while 5% annual appreciation supports $178,174 over five years. Portfolio math shows five-year ROI at 76.71% and total cumulative return in cash at $162,764. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,997/mo property income against a $3,156/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
3,920 sqft 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: Jeff Baker • Windermere Real Estate Whatcom
Mls Name: NWMLS
Mls ID: #2421949