4905 98th Avenue Ct 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
Rental property for sale in Gig Harbor at 4905 98th Avenue Ct NW, Gig Harbor, WA, 98335 generates $4,931/mo in rent, after a $5,384/mo payment. Total monthly income is $4,931/mo. Return on cash invested sits at 14.58% in year one, and rental yield is 5.38% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 74% and total cumulative return in cash sums $263,719. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,931/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
1.83 Acres lot
$N/A/sqft
$450 annually 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 |
|---|---|---|
| 2025-09-20 | Listed for sale | $1,100,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $8661.94 | -4.43% | $923,200 | -3.20% |
| 2023-10-24 | $9063.18 | 6.09% | $953,700 | -0.18% |
| 2022-10-24 | $8543.25 | 7.57% | $955,400 | 20.43% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1990
- Architectural Style: Traditional
- Building Area: 2,876
- Living Area: 2,876 sqft
- Property Condition: Very Good
Features & Amenities
- Heating: Fireplace, Forced Air, Electric, Natural Gas
- Cooling: None
- Flooring: Ceramic Tile, Laminate, Marble, Carpet
- Interior Features: Bath Off Primary, Dining Room, Walk-In Pantry
- Exterior Features: N/A
- Parking Features: Attached Garage
Location
- City: Gig Harbor
- State: WA
- Subdivision: Kopachuck
- Lot Size: 1.83 Acres
- Lot Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Secluded, Value In Land, Cable TV, Deck, High Speed Internet, Patio
- View: N/A
HOA & Fees
- HOA Fee: $450 annually
- Association Fee: $450 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank, Company: Septic
- Water Source: Public, Company: Kopachuck Ridge Water
- Road Surface Type: N/A
School Information
- Elementary School: Voyager Elem
- Middle School: Kopachuck Mid
- High School: Gig Harbor High
Listed by: Michael Morrison • Morrison House Sotheby's Intl
Mls Name: NWMLS
Mls Provider:
Mls ID: #2435702
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 06:34:23 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)