843 Garfield StreetSumasWA98295
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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 Sumas at 843 Garfield Street, Sumas, WA, 98295 offers a 6.42% rental yield on a $499,000 purchase with $2,668/mo rent. 51% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 89.72% and total cumulative return in cash at $148,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,668/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98295, Sumas, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,233 (100%) |
| Owner Occupied HU | 836 (67.8%) |
| Renter Occupied HU | 335 (27.2%) |
| Vacant Housing Units | 62 ( 5.0%) |
| Median Home Value | $606,996 |
| Average Home Value | $635,778 |
Housing Distribution
Address Breakdown
Residential
1,011
Single Family
1,011
Multi-Family
0
Businesses
194
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Listed by: Ian Cross • Windermere Real Estate Whatcom
Mls Name: NWMLS
Mls ID: #2410860