5311 Reid Drive 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 5311 Reid Drive NW, Gig Harbor, WA, 98335 earns from $4,568/mo rent with a $5,085/mo payment. Total monthly income totals $4,568/mo. ROI tracks 14.39% on current figures, and rental yield reads 5.28% at a $1,039,000 purchase. Equity gained on principal adds $6,705/yr, and 5% annual appreciation supports $287,057 over five years. Five-year ROI reaches 72.91% and total cumulative return in cash sums $245,456. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,568/mo property income instead of your personal income.
Single Family
Built in 1983
0.50 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
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Listed by: Timothy Vanstrien • Windermere RE West Campus Inc
Mls Name: NWMLS
Mls ID: #2443011