407 Point Fosdick Drive NWGig HarborWA98335
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 407 Point Fosdick Drive NW, Gig Harbor, WA, 98335 offers $4,693/mo rent that, after a $7,929/mo payment. Total monthly income is $4,693/mo. Return on cash invested measures 8.84% in year one, and rental yield stands at 3.48% at a $1,620,000 entry. Equity gained on principal adds $10,454/yr while 5% annual appreciation compounds into $447,576 by year five. Five-year ROI records 43.12% and total cumulative return in cash reaches $226,314. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,693/mo property income versus a $7,929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
1.64 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carolyn Westmoreland • Westmoreland Properties
Mls Name: NWMLS
Mls ID: #2424928