12718 162nd Avenue NWGig HarborWA98329
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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 12718 162nd Avenue NW, Gig Harbor, WA, 98329 earns $108/mo cash flow from $2,962/mo rent with a $2,324/mo payment. Total monthly income totals $2,962/mo, and annual cash flow totals $1,292/yr on $157,429 capital. ROI tracks 20.73% on current figures, and rental yield reads 7.48% at a $474,900 purchase. Equity gained on principal adds $3,064/yr, and 5% annual appreciation supports $131,206 over five years. Five-year ROI reaches 107.01% and total cumulative return in cash sums $168,467. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,962/mo property income instead of your personal income.
Single Family
Built in 1982
1.40 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98329, Gig Harbor, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,516 (100%) |
| Owner Occupied HU | 3,709 (82.1%) |
| Renter Occupied HU | 569 (12.6%) |
| Vacant Housing Units | 238 ( 5.3%) |
| Median Home Value | $652,869 |
| Average Home Value | $704,374 |
Housing Distribution
Address Breakdown
Residential
3,989
Single Family
3,989
Multi-Family
0
Businesses
41
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Listed for sale | $474,900 |
| 1983-08-15 | Sold | $26,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-31 | $280.42 | -1.31% | $41,440 | N/A |
| 2023-05-31 | $284.15 | 2.69% | $41,440 | -90.06% |
| 2022-05-31 | $276.71 | -12.12% | $417,100 | 906.52% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1982
- Architectural Style: N/A
- Building Area: 1,274
- Living Area: 1,274 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air
- Cooling: None
- Flooring: Laminate, Carpet
- Interior Features: Dining Room, High Tech Cabling
- Exterior Features: N/A
- Parking Features: Detached Garage
Location
- City: Gig Harbor
- State: WA
- Subdivision: Key Peninsula North
- Lot Size: 1.40 Acres
- Lot Features: Secluded, Cable TV, Deck, High Speed Internet
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Shared Well
- Road Surface Type: Dirt
School Information
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Peninsula High
Listed by: Patrick Rieder • Hawkins Poe
Mls Name: NWMLS
Mls Provider:
Mls ID: #2384773
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)