12822 62nd Avenue NW #D3Gig 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
Rental property for sale in Gig Harbor at 12822 62nd Avenue NW #D3, Gig Harbor, WA, 98332 generates $3,154/mo in rent and, after a $1,821/mo payment, leaves $918/mo in cash flow. Total monthly income is $3,154/mo, and annual cash flow is $11,011/yr on $123,318 invested. Return on cash invested sits at 28.84% in year one, and rental yield is 10.17% on a $372,000 entry. Equity gained on principal adds $2,400/yr, while 5% annual appreciation builds toward $102,777 over five years. Five-year ROI reaches 150.5% and total cumulative return in cash sums $185,589. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,154/mo property income rather than buyer’s personal income.
Townhouse
Built in 1976
N/A 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: Rebecca Nelson • Paramount Real Estate Group
Mls Name: NWMLS
Mls ID: #2385822