12908 57th Avenue NWGig 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 12908 57th Avenue NW, Gig Harbor, WA, 98332 offers a 4.08% rental yield on a $1,299,950 purchase with $4,422/mo rent. 7% in year one. Equity gained on principal adds $8,388/yr while 5% annual appreciation supports $359,152 over five years. Portfolio math shows five-year ROI at 53.15% and total cumulative return in cash at $223,848. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,422/mo property income against a $6,363/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
1.28 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-31 | Listed for sale | $1,299,950 |
| 2021-05-13 | Sold | $699,000 |
| 2006-12-29 | Sold | $250,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-03 | $7933.31 | 3.24% | $842,600 | 4.71% |
| 2023-06-03 | $7684.59 | 6.11% | $804,700 | -0.12% |
| 2022-06-03 | $7242.07 | 7.63% | $805,700 | 20.54% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1970
- Architectural Style: Traditional
- Building Area: 3,146
- Living Area: 3,146 sqft
- Property Condition: Good
Features & Amenities
- Heating: Fireplace, Ductless, Forced Air, Heat Pump, Electric, Natural Gas
- Cooling: Ductless, Forced Air, Heat Pump
- Flooring: Ceramic Tile, Hardwood, Carpet
- Interior Features: Bath Off Primary, Ceiling Fan(s)
- Exterior Features: N/A
- Parking Features: Driveway, Attached Garage, Detached Garage, RV Parking
Location
- City: Gig Harbor
- State: WA
- Subdivision: Gig Harbor North
- Lot Size: 1.28 Acres
- Lot Features: Dead End Street, Open Lot, Paved, Secluded, Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
- View: Bay, Mountain(s), Territorial
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: Xfinity, Xfinity
- Sewer: Septic Tank, Company: Septic
- Water Source: Shared Well, Company: Shared Well
- Road Surface Type: N/A
School Information
- Elementary School: Purdy Elem
- Middle School: Harbor Ridge Mid
- High School: Peninsula High
Listed by: Stephanie Johnson • Up Realty, Inc.
Mls Name: NWMLS
Mls Provider:
Mls ID: #2384362
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)