5585 E Evergreen Blvd APT 5304VancouverWA98661
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
Investment Highlights
Investment property for sale in Vancouver at 5585 E Evergreen Blvd APT 5304, Vancouver, WA, 98661 uses $82,842 cash to close to unlock $1,991/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $1,668/mo, and a $1,223/mo payment keeps the spread at $166/mo. Purchase price stands at $249,900, and rental yield measures 8.01% with $1,668/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 115.48% and total cumulative return in cash records $95,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,668/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98661, Vancouver, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,896 (100%) |
| Owner Occupied HU | 8,535 (40.8%) |
| Renter Occupied HU | 11,444 (54.8%) |
| Vacant Housing Units | 917 ( 4.4%) |
| Median Home Value | $541,320 |
| Average Home Value | $633,789 |
Housing Distribution
Address Breakdown
Residential
21,033
Single Family
17,217
Multi-Family
3,816
Businesses
1,290
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elaine Armstrong • The Phillips Group Inc
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24443057
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-18 07:09:26 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.