307 NE 63rd St APT 16VancouverWA98665
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 307 NE 63rd St APT 16, Vancouver, WA, 98665 in Vancouver deserves attention. This $244,000 property earns $2,250/mo in rent, a 11.07% gross yield, and nets $783/mo after the $1,097/mo payment. DSCR 2.05 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $67,413 compounds alongside $2,247/yr in yearly equity build, for a total cumulative return of $142,775.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 5.2% |
| Monthly Cash Flow | $783 | $850 |
City averages based on Vancouver market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,250 |
| Total Monthly Debt Service | $1,370 |
| 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.
Townhouse
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98665, Vancouver, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,038 (100%) |
| Owner Occupied HU | 6,978 (58.0%) |
| Renter Occupied HU | 4,745 (39.4%) |
| Vacant Housing Units | 315 ( 2.6%) |
| Median Home Value | $504,609 |
| Average Home Value | $532,008 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,416
Multi-Family
1,512
Businesses
948
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 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98665, Vancouver, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,038 (100%) |
| Owner Occupied HU | 6,978 (58.0%) |
| Renter Occupied HU | 4,745 (39.4%) |
| Vacant Housing Units | 315 ( 2.6%) |
| Median Home Value | $504,609 |
| Average Home Value | $532,008 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,416
Multi-Family
1,512
Businesses
948
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Estes • RE/MAX Equity Group
Mls Name: RMLS (OR)
Mls ID: #129448726