1146 NW 23rd AveCamasWA98607
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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
Investment property for sale in Camas at 1146 NW 23rd Ave, Camas, WA, 98607 offers a 10.06% rental yield on a $400,000 purchase with $3,352/mo rent. Total monthly income registers $3,352/mo, and a $1,958/mo payment leaves $947/mo available for distribution. Annual cash flow reaches $11,368/yr on $132,600 to close, and return on cash invested stands at 28.48% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 148.59% and total cumulative return in cash at $197,032. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,352/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98607, Camas, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,154 (100%) |
| Owner Occupied HU | 10,232 (72.3%) |
| Renter Occupied HU | 3,271 (23.1%) |
| Vacant Housing Units | 651 ( 4.6%) |
| Median Home Value | $739,166 |
| Average Home Value | $812,766 |
Housing Distribution
Address Breakdown
Residential
13,604
Single Family
12,462
Multi-Family
1,142
Businesses
766
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Listed by: Melissa Messner • Lovejoy Real Estate Services
Mls Name: RMLS (OR)
Mls ID: #140600250