4605 56th Street NW #1BGig 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 4605 56th Street NW #1B, Gig Harbor, WA, 98335 uses $122,654 cash to close to unlock $2,818/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $2,459/mo, and a $1,811/mo payment keeps the spread at $235/mo. Purchase price stands at $369,998, and rental yield measures 7.98% with $2,459/mo rent. Return on cash invested shows 22.21% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 114.92% and total cumulative return in cash records $140,956. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,459/mo property income covering a $1,811/mo payment rather than investor’s personal income.
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: Ann Lorraine T Sagala • John L. Scott Dupont
Mls Name: NWMLS
Mls ID: #2470506