5264 NE 121st Ave #U223, Vancouver, WA, 98682 | $815/mo Cash Flow

For Sale

Listed for sale 6 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Vancouver at 5264 NE 121st Ave #U223, Vancouver, WA, 98682 generates $2,558/mo in rent and, after a $1,419/mo payment, leaves $815/mo in cash flow. Total monthly income is $2,558/mo, and annual cash flow is $9,783/yr on $96,118 invested. Return on cash invested sits at 30.09% in year one, and rental yield is 10.59% on a $289,950 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,108 over five years. Five-year ROI reaches 157.22% and total cumulative return in cash sums $151,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,558/mo property income rather than buyer’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautiful two bedroom, two bathroom condo located in One Lake Place overlooking Burnt Bridge Creek & Greenbelt located in the heart of Vancouver Washington. Parking spot 176 is included in the sale. Very serene setting w/ many updates including newer laminate flooring in the entry, living room & kitchen, newer matching quartz counters & tile backsplash in kitchen & both bathrooms. Professionally painted kitchen cabinets, 3.5 inch base trim, newer appliances & undermount sink. All interior doors have been repainted and hardware for doors are new. Over $25,000 in recent upgrades. Window coverings throughout. Spacious living room w/ gas fireplace & eating area combo that has slider out to a 11x6 covered deck to take in the views of the creekside scenery. Both bedrooms have an ensuite bathroom & primary bedroom has two closets. Laundry room is spacious at 8x5 with four foot cabinet & countertop & two shelves. Second bedroom bathroom can conveniently be accessed through bedroom and hallway. Unit is located in the most ideal part of the complex being as far away from 121st w/ ideal views of Burnt Bridge Creek & Greenbelt views. Basically a silent neighbor in front with all grassy area. Conveniently located to shopping, freeway & airport. Ideal for the outdoor enthusiast to enjoy the trails. Also, has a detached garage and Amazon package drop off.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98682, Vancouver, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	25,179 (100%)
Owner Occupied HU	17,703 (70.3%)
Renter Occupied HU	6,865 (27.3%)
Vacant Housing Units	611 ( 2.4%)
Median Home Value	$550,966
Average Home Value	$610,249