Bellingham, WA — Rental Investment Analysis
🔴POOR— negative cash flow likelyCap Rate
1.6%
Below average
Monthly Cash Flow
-$2,637
After all expenses
Price-to-Rent
25.0
Overpriced for rent
DSCR
0.25
Fails
📊 Key Metrics
- Median Home Price
- $646,414
- Average Rent (3BR)
- $2,225/mo
- Price-to-Rent Ratio
- 25.0(high)
- 1% Rule
- 0.33%(fails — need 1%+)
- Cash-on-Cash Return
- -20.9%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 5.2%(+0.9% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +2% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.87%
of assessed value (WA avg)
Median Income
$82,228
household (WA avg)
Rent-to-Income
32.5%
Moderate
Section 8 Max Rent
$2,225/mo
3BR voucher payment
🏛️ WA Investor Climate
Landlord Friendly
5/10
State Income Tax
✅ None
Property Tax
0.87% effective
Population Trend
+2% (3yr)
🏘️ Best Zip Codes in Bellingham for Investors
All Zip Codes in Bellingham
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 98284 | 2.9% | -$1,533 | $527,988 | $2,470/mo | 0.45 |
| 98230 | 2.3% | -$1,850 | $538,545 | $2,170/mo | 0.35 |
| 98247 | 1.9% | -$2,295 | $609,523 | $2,210/mo | 0.29 |
| 98226 | 1.6% | -$2,588 | $646,844 | $2,160/mo | 0.25 |
| 98225 | 1.6% | -$2,686 | $671,153 | $2,240/mo | 0.25 |
| 98229 | 1.6% | -$2,819 | $699,434 | $2,310/mo | 0.24 |
| 98229 | 1.6% | -$2,819 | $699,434 | $2,310/mo | 0.24 |
| 98262 | 1.1% | -$2,861 | $645,985 | $1,820/mo | 0.17 |