1040 Columbia Ridge Dr UNIT 2VancouverWA98664
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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
Investment Highlights
Rental property for sale in Vancouver at 1040 Columbia Ridge Dr UNIT 2, Vancouver, WA, 98664 generates $1,958/mo in rent and, after a $1,297/mo payment, leaves $365/mo in cash flow. Total monthly income is $1,958/mo, and annual cash flow is $4,381/yr on $87,848 invested. Return on cash invested sits at 24.9% in year one, and rental yield is 8.87% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 129.41% and total cumulative return in cash sums $113,679. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,958/mo property income rather than buyer’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98664, Vancouver, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,636 (100%) |
| Owner Occupied HU | 5,856 (55.1%) |
| Renter Occupied HU | 4,396 (41.3%) |
| Vacant Housing Units | 384 ( 3.6%) |
| Median Home Value | $553,282 |
| Average Home Value | $619,571 |
Housing Distribution
Address Breakdown
Residential
10,058
Single Family
8,798
Multi-Family
1,260
Businesses
199
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Listed by: Jorge Hasbun • MORE Realty, Inc
Mls Name: RMLS (OR)
Mls ID: #486570631