2105 NE 118th PlVancouverWA98684
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2105 NE 118th Pl, Vancouver, WA, 98684 in Vancouver at $374,000 earns $2,514/mo in rent and nets $65/mo after the $1,682/mo payment, a 8.07% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $103,329 over five years. Ziffy Mortgage underwrites this on a 1.49 DSCR without U.S. credit history. With $3,445/yr in principal paydown, total projected return reaches $158,644.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.2% |
| Monthly Cash Flow | $65 | $850 |
City averages based on Vancouver market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,514 |
| Total Monthly Debt Service | $2,099 |
| DSCR Ratio | 1.20x |
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.
Townhouse
Built in 2020
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98684, Vancouver, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,493 (100%) |
| Owner Occupied HU | 7,097 (45.8%) |
| Renter Occupied HU | 7,699 (49.7%) |
| Vacant Housing Units | 697 ( 4.5%) |
| Median Home Value | $558,489 |
| Average Home Value | $583,620 |
Housing Distribution
Address Breakdown
Residential
14,350
Single Family
12,913
Multi-Family
1,437
Businesses
651
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
Townhouse
Built in 2020
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98684, Vancouver, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,493 (100%) |
| Owner Occupied HU | 7,097 (45.8%) |
| Renter Occupied HU | 7,699 (49.7%) |
| Vacant Housing Units | 697 ( 4.5%) |
| Median Home Value | $558,489 |
| Average Home Value | $583,620 |
Housing Distribution
Address Breakdown
Residential
14,350
Single Family
12,913
Multi-Family
1,437
Businesses
651
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie Goff • Keller Williams Realty
Mls Name: RMLS (OR)
Mls ID: #186297622