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 20+ datapoints.

Bellingham, WA Long-Term Rental Investment Snapshot

Based on 20+ long-term rental datapoints

Median Cap Rate

3%

Avg Cash on Cash

-15.4%

Median Cashflow

-$1,632/mo

Avg Rent Estimate

$3,102/mo

Avg Price

$672,158

Price Range

$398,400 - $949,000

Rent to Price

0.46%

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 3%, 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 20+ analyzed properties, the median monthly cashflow in Bellingham, WA is -$1,632 with average rents of $3,102/month. Properties range from $398,400 to $949,000, offering entry points across multiple investment budgets.

15 Tee Place, Bellingham, WA 98229

Price

$669,900

Rent

$3,836

CachFlow

-$1,238

CoC

-10.56

Full Analysis

1603 Kelly Road, Bellingham, WA 98226

Price

$1,295,200

Rent

$3,611

CachFlow

-$5,086

CoC

-22.44

Full Analysis

2709 Lynn Street, Bellingham, WA 98225

Price

$797,300

Rent

$3,056

CachFlow

-$2,428

CoC

-17.4

Full Analysis

16 Sunflower Circle, Bellingham, WA 98229

Price

$828,400

Rent

$4,072

CachFlow

-$2,053

CoC

-14.16

Full Analysis

5311 Muriel Drive, Bellingham, WA 98226

Price

$733,600

Rent

$2,844

CachFlow

-$2,107

CoC

-16.41

Full Analysis
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Bellingham, WA Rental Market Insights

  • Median cashflow is -$1,632/month — careful deal selection is essential here
  • 3% 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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