701 Columbia Street #415VancouverWA98660
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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
Investment Highlights
Rental property for sale in Vancouver at 701 Columbia Street #415, Vancouver, WA, 98660 generates $2,713/mo in rent and, after a $1,835/mo payment, leaves $459/mo in cash flow. Total monthly income is $2,713/mo, and annual cash flow is $5,512/yr on $124,279 invested. Return on cash invested sits at 24.34% in year one, and rental yield is 8.68% on a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 126.41% and total cumulative return in cash sums $157,099. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,713/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98660, Vancouver, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,897 (100%) |
| Owner Occupied HU | 2,691 (34.1%) |
| Renter Occupied HU | 4,513 (57.1%) |
| Vacant Housing Units | 693 ( 8.8%) |
| Median Home Value | $539,901 |
| Average Home Value | $593,587 |
Housing Distribution
Address Breakdown
Residential
7,828
Single Family
4,060
Multi-Family
3,768
Businesses
1,087
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Listed by: Joshua E. Thomas • Handris Realty
Mls Name: NWMLS
Mls ID: #2424412