7209 NE 62nd AveVancouverWA98661
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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 7209 NE 62nd Ave, Vancouver, WA, 98661 generates $2,950/mo in rent, after a $2,839/mo payment. Total monthly income is $2,950/mo. Return on cash invested sits at 16.69% in year one, and rental yield is 6.1% on a $580,000 entry. Equity gained on principal adds $3,743/yr, while 5% annual appreciation builds toward $160,243 over five years. Five-year ROI reaches 85.3% and total cumulative return in cash sums $162,765. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,950/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
10,454 sqft 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
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Listed by: Brandon King • Keller Williams PDX Central
Mls Name: RMLS (OR)
Mls ID: #115265209