👑 2.75% Sub-To Opportunity in Vancouver with Rental & Equity Upside 👑
9008 Mt Jefferson Ave, Vancouver, WA 98664
3 Beds | 1 Bath | 1,064 SqFt
Down Payment: $60,000 (includes bringing arrears current)
This is the type of deal investors chase because replacing this financing in today’s market would be nearly impossible. With a 2.75% fixed first mortgage, low monthly debt compared to current rates, and estimated rental income around $2,500/month, there’s realistic potential for roughly $400/month in cash flow. The advantage here is the combination of low-cost debt, long-term hold potential, and the ability to force additional value through cleanup and cosmetic improvements.
The home needs cleanup, cosmetic work, and deferred maintenance, but the bones, layout flexibility, and oversized lot create multiple ways to win. The current oversized primary bedroom can easily be converted back into a true 3-bedroom layout by adding a wall, helping maximize both resale and rental value. The large fenced lot, detached shed/shop, enclosed carport, and additional storage add functionality that tenants and future buyers consistently look for in this Vancouver submarket.
Located near Mill Plain Blvd with quick access to I-205 and the Portland metro, this area continues to see strong long-term demand due to convenience, commuting access, schools, shopping, and established neighborhoods.
Estimated rental income is around $2,500/month, creating strong long-term hold potential once stabilized.
Mortgage 1 Information:
• Balance: $258,203.51
• Interest Rate: 2.75%
• Payment: Approx. $1,650/month PITI
• Maturity Date: 2051
• Past Due Balance: Approx. $35,000
Mortgage 2 Information:
• Balance: $30,000
• Payment: $300/month
Deal Summary:
• Approx. All-In Balance: $348,000
• Approx. Total Monthly Payment: $1,950/month
Property Features:
• Wood-burning fireplace with insert
• Flexible layout with easy 3-bedroom conversion potential
• Large fenced 0.23-acre lot
• Large shed/shop in backyard
• Enclosed carport with storage and shelving
• Convenient access to retail, schools, restaurants, and commuter routes
• Majority of personal property to be removed prior to closing
Public Walkthrough:
📍 5/20 at 11:00 AM
Terms:
• Cash or hard money only
• $10,000 EM deposit upon mutual acceptance
• Buyer to pay all closing costs
• Property sold as-is
DM or call for questions:
📞 (503) 404-4532
Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
