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 30+ datapoints.

Bellingham, WA Long-Term Rental Investment Snapshot

Based on 30+ long-term rental datapoints

Median Cap Rate

2.3%

Avg Cash on Cash

-18.6%

Median Cashflow

-$2,314/mo

Avg Rent Estimate

$3,188/mo

Avg Price

$821,053

Price Range

$553,700 - $1,347,100

Rent to Price

0.39%

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 2.3%, 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 30+ analyzed properties, the median monthly cashflow in Bellingham, WA is -$2,314 with average rents of $3,188/month. Properties range from $553,700 to $1,347,100, offering entry points across multiple investment budgets.

4705 Desmond Street, Bellingham, WA 98229

Price

$927,300

Rent

$3,302

CachFlow

-$3,298

CoC

-20.32

Full Analysis

3143 Edgewood Lane, Bellingham, WA 98226

Price

$1,586,700

Rent

$3,425

CachFlow

-$7,397

CoC

-26.64

Full Analysis

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
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Bellingham, WA Rental Market Insights

  • Median cashflow is -$2,314/month — careful deal selection is essential here
  • 2.3% 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 $553,700 to $1,347,100
  • Consider this market if your strategy favors equity growth with rental income covering holding costs

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