2023 Narrows View Cir NW APT B211Gig HarborWA98335
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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 2023 Narrows View Cir NW APT B211, Gig Harbor, WA, 98335 offers a 7.89% rental yield on a $498,200 purchase with $3,275/mo rent. Total monthly income registers $3,275/mo, and a $2,438/mo payment leaves $41/mo available for distribution. Annual cash flow reaches $489/yr on $165,153 to close, and return on cash invested stands at 20.2% in year one. Equity gained on principal adds $3,215/yr while 5% annual appreciation supports $137,643 over five years. Portfolio math shows five-year ROI at 104.82% and total cumulative return in cash at $173,119. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,275/mo property income against a $2,438/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98335, Gig Harbor, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,627 (100%) |
| Owner Occupied HU | 8,408 (72.3%) |
| Renter Occupied HU | 2,620 (22.5%) |
| Vacant Housing Units | 599 ( 5.2%) |
| Median Home Value | $799,902 |
| Average Home Value | $898,738 |
Housing Distribution
Address Breakdown
Residential
11,751
Single Family
10,718
Multi-Family
1,033
Businesses
1,540
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Listed by: N/A • N/A
Mls Name: John L Scott Real Estate
Mls ID: #2238530