4304 40th Avenue NWGig 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 4304 40th Avenue NW, Gig Harbor, WA, 98335 earns from $4,819/mo rent with a $5,849/mo payment. Total monthly income totals $4,819/mo. ROI tracks 13.04% on current figures, and rental yield reads 4.84% at a $1,195,000 purchase. Equity gained on principal adds $7,711/yr, and 5% annual appreciation supports $330,156 over five years. Five-year ROI reaches 65.68% and total cumulative return in cash sums $254,306. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,819/mo property income instead of your personal income.
Single Family
Built in 1980
1 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-12 | Listed for sale | $1,195,000 |
| 2015-10-30 | Sold | $218,719 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | N/A | N/A | $827,200 | 6.46% |
| 2023-04-14 | $7410.09 | 5.27% | $777,000 | -0.94% |
| 2022-04-14 | $7039.39 | 8.88% | $784,400 | 21.95% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1980
- Architectural Style: Craftsman
- Building Area: 2,840
- Living Area: 2,840 sqft
- Property Condition: Very Good
Features & Amenities
- Heating: Fireplace(s), Heat Pump, Tankless Water Heater
- Cooling: Central Air
- Flooring: Engineered Hardwood, Hardwood, Travertine, Carpet, Wall to Wall Carpet
- Interior Features: Bath Off Primary, Dining Room, High Tech Cabling, Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Attached Garage, RV Parking
Location
- City: Gig Harbor
- State: WA
- Subdivision: Midway
- Lot Size: 1 Acres
- Lot Features: Dead End Street, Cabana/Gazebo, Cable TV, Deck, High Speed Internet, Outbuildings, Patio, Propane, RV Parking, Sprinkler System
- View: 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: Comcast, Xfinity
- Sewer: Septic Tank, Company: septic
- Water Source: Public, Company: Washington Water
- Road Surface Type: N/A
School Information
- Elementary School: Harbor Heights Elem
- Middle School: Goodman Mid
- High School: Gig Harbor High
Listed by: Stephanie L. Patrick • RE/MAX Exclusive
Mls Name: NWMLS
Mls Provider:
Mls ID: #2359038
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)