1809 NE 116th St APT DVancouverWA98686
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Vancouver rental at 1809 NE 116th St APT D, Vancouver, WA, 98686 sits in the solid-income band: 11.03% gross yield, $2,261/mo rent, $427/mo net after the $1,106/mo debt service, DSCR 2.04. Entry price of $245,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $67,938 and $2,265/yr in principal reduction bring total cumulative return to $143,447.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 5.2% |
| Monthly Cash Flow | $427 | $850 |
City averages based on Vancouver market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,261 |
| Total Monthly Debt Service | $1,380 |
| DSCR Ratio | 1.64x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98686, Vancouver, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,589 (100%) |
| Owner Occupied HU | 6,808 (71.0%) |
| Renter Occupied HU | 2,388 (24.9%) |
| Vacant Housing Units | 393 ( 4.1%) |
| Median Home Value | $649,118 |
| Average Home Value | $671,366 |
Housing Distribution
Address Breakdown
Residential
9,344
Single Family
8,762
Multi-Family
582
Businesses
270
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 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98686, Vancouver, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,589 (100%) |
| Owner Occupied HU | 6,808 (71.0%) |
| Renter Occupied HU | 2,388 (24.9%) |
| Vacant Housing Units | 393 ( 4.1%) |
| Median Home Value | $649,118 |
| Average Home Value | $671,366 |
Housing Distribution
Address Breakdown
Residential
9,344
Single Family
8,762
Multi-Family
582
Businesses
270
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda Rojas • Manor Realty Group, LLC
Mls Name: RMLS (OR)
Mls ID: #572873580