7343 Hannegan Road #2LyndenWA98264
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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 Lynden at 7343 Hannegan Road #2, Lynden, WA, 98264 listed at $199,000 pairs $1,532/mo rent with a $974/mo payment to leave $336/mo cash flow. Total monthly income runs $1,532/mo, and annual cash flow reaches $4,029/yr on $65,969 cash to close. Return on cash invested measures 26.02% in year one, and rental yield registers 9.24% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 135.38% and total cumulative return in cash totals $89,310. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,532/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98264, Lynden, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,203 (100%) |
| Owner Occupied HU | 6,123 (66.5%) |
| Renter Occupied HU | 2,702 (29.4%) |
| Vacant Housing Units | 378 ( 4.1%) |
| Median Home Value | $695,202 |
| Average Home Value | $735,853 |
Housing Distribution
Address Breakdown
Residential
9,014
Single Family
8,560
Multi-Family
454
Businesses
816
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Listed by: Danielle J. Groeneweg • RE/MAX Whatcom County, Inc.
Mls Name: NWMLS
Mls ID: #2457085