12408 58th AvenueGig HarborWA98332
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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
Investment property for sale in Gig Harbor at 12408 58th Avenue, Gig Harbor, WA, 98332 listed at $948,900 pairs $4,687/mo rent with a $4,644/mo payment. Total monthly income runs $4,687/mo. Return on cash invested measures 16.15% in year one, and rental yield registers 5.93% at a $948,900 basis. Equity gained on principal adds $6,123/yr, and annual property appreciation at 5% supports $262,164 by year five. Five-year ROI tracks 82.43% and total cumulative return in cash totals $257,344. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,687/mo property income relative to a $4,644/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98332, Gig Harbor, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,496 (100%) |
| Owner Occupied HU | 6,688 (78.7%) |
| Renter Occupied HU | 1,364 (16.1%) |
| Vacant Housing Units | 444 ( 5.2%) |
| Median Home Value | $755,562 |
| Average Home Value | $845,262 |
Housing Distribution
Address Breakdown
Residential
8,094
Single Family
7,778
Multi-Family
316
Businesses
310
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Listed by: Jo Jensen • Windermere Prof Partners
Mls Name: NWMLS
Mls ID: #2459947