REI Lense

REI Lense

Bellingham, WA Long-Term Rental Analysis

Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Bellingham, WA. Based on 40+ datapoints.

Bellingham, WA Long-Term Rental Investment Snapshot

Based on 40+ long-term rental datapoints

Median Cap Rate

2.5%

Avg Cash on Cash

-17.2%

Median Cashflow

-$2,103/mo

Avg Rent Estimate

$3,108/mo

Avg Price

$747,931

Price Range

$544,400 - $1,211,200

Rent to Price

0.42%

low ratio

Positive Cashflow

0%

of analyzed properties

Recent real estate investor listings analysed as long-term rental deals in Bellingham, WA

Bellingham, WA is primarily an appreciation-driven market for long-term rental investors. Cap rates average 2.5%, typical of premium markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.

Based on 40+ analyzed properties, the median monthly cashflow in Bellingham, WA is -$2,103 with average rents of $3,108/month. Properties range from $544,400 to $1,211,200, offering entry points across multiple investment budgets.

3016 Cottonwood Avenue, Bellingham, WA 98225

Price

$752,400

Rent

$2,829

CachFlow

-$2,297

CoC

-17.45

Full Analysis

4165 Cougar Road, Bellingham, WA 98226

Price

$862,100

Rent

$2,946

CachFlow

-$2,715

CoC

-18

Full Analysis

2 Longshore Lane, Bellingham, WA 98229

Price

$967,700

Rent

$3,228

CachFlow

-$3,792

CoC

-22.39

Full Analysis

1225 Northwind Circle, Bellingham, WA 98226

Price

$639,000

Rent

$2,342

CachFlow

-$2,689

CoC

-24.05

Full Analysis

3024 Cherrywood Avenue, Bellingham, WA 98225

Price

$699,000

Rent

$2,598

CachFlow

-$2,201

CoC

-17.99

Full Analysis
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Bellingham, WA Rental Market Insights

  • Median cashflow is -$2,103/month — careful deal selection is essential here
  • 2.5% median cap rate is typical of appreciation-focused markets
  • At 0% positive cashflow rate, Bellingham, WA requires selective property picks
  • Premium market with properties from $544,400 to $1,211,200
  • Consider this market if your strategy favors equity growth with rental income covering holding costs

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