1006 NE 45th StVancouverWA98663
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 1006 NE 45th St, Vancouver, WA, 98663 in Vancouver is listed at $554,100 and delivers $1,835/mo in rent and $910/mo in net monthly cash flow. The 9.06% yield and 0.74 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $153,088 over five years, and $5,103/yr in principal reduction supplements cash return. Total projected cumulative return: $113,432.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 5.2% |
| Monthly Cash Flow | $910 | $850 |
City averages based on Vancouver market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,835 |
| Total Monthly Debt Service | $3,110 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1997
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98663, Vancouver, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,104 (100%) |
| Owner Occupied HU | 3,952 (55.6%) |
| Renter Occupied HU | 2,790 (39.3%) |
| Vacant Housing Units | 362 ( 5.1%) |
| Median Home Value | $553,604 |
| Average Home Value | $603,863 |
Housing Distribution
Address Breakdown
Residential
6,710
Single Family
5,649
Multi-Family
1,061
Businesses
403
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1997
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98663, Vancouver, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,104 (100%) |
| Owner Occupied HU | 3,952 (55.6%) |
| Renter Occupied HU | 2,790 (39.3%) |
| Vacant Housing Units | 362 ( 5.1%) |
| Median Home Value | $553,604 |
| Average Home Value | $603,863 |
Housing Distribution
Address Breakdown
Residential
6,710
Single Family
5,649
Multi-Family
1,061
Businesses
403
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A