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

2.9%

Avg Cash on Cash

-16.3%

Median Cashflow

-$1,882/mo

Avg Rent Estimate

$3,164/mo

Avg Price

$700,296

Price Range

$398,400 - $949,000

Rent to Price

0.45%

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 2.9%, 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 -$1,882 with average rents of $3,164/month. Properties range from $398,400 to $949,000, offering entry points across multiple investment budgets.

2600 Sylvan Street, Bellingham, WA 98226

Price

$729,000

Rent

$2,595

CachFlow

-$2,413

CoC

-18.91

Full Analysis

482 W Lake Samish Drive, Bellingham, WA 98229

Price

$1,588,000

Rent

$3,653

CachFlow

-$6,876

CoC

-24.74

Full Analysis

2715 Cedarwood Avenue, Bellingham, WA 98225

Price

$832,900

Rent

$3,377

CachFlow

-$2,314

CoC

-15.88

Full Analysis

4351 Gooding Avenue, Bellingham, WA 98226

Price

$680,000

Rent

$2,921

CachFlow

-$1,978

CoC

-16.62

Full Analysis

1213 Garland Lane, Bellingham, WA 98226

Price

$644,800

Rent

$2,890

CachFlow

-$1,686

CoC

-14.94

Full Analysis
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Bellingham, WA Rental Market Insights

  • Median cashflow is -$1,882/month — careful deal selection is essential here
  • 2.9% 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 $398,400 to $949,000
  • Consider this market if your strategy favors equity growth with rental income covering holding costs

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