5610 Ray Nash 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 5610 Ray Nash Drive NW, Gig Harbor, WA, 98335 projects strong ROI of 2.91%. Rental yield 1.56%. With 5% annual appreciation, the property builds $690,704 in value over five years. Equity growth combined delivers a projected five-year ROI of 11.33%, translating into $91,767 in total cumulative return on $810,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1965
7.95 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 |
|---|---|---|
| 2024-10-03 | Listed for sale | $2,500,000 |
| 2024-09-29 | Pending sale | $2,500,000 |
| 2024-09-10 | Price change | $2,500,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $16232.61 | 9.35% | $1,720,000 | 2.88% |
| 2022-10-14 | $14844.97 | 8.44% | $1,671,900 | 21.36% |
| 2021-10-14 | $13689.33 | 16.56% | $1,377,600 | 19.55% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1965
- Architectural Style: N/A
- Building Area: 7,019
- Living Area: 7,019 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Fireplace(s), Forced Air
- Cooling: None
- Flooring: Ceramic Tile, Hardwood, Laminate, Carpet, Laminate Tile, Wall to Wall Carpet
- Interior Features: Second Kitchen, Second Primary Bedroom, Bath Off Primary, Ceiling Fan(s), Dining Room, Vaulted Ceiling(s), Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Detached Garage, RV Parking
Location
- City: Gig Harbor
- State: WA
- Subdivision: Ray Nash Valley
- Lot Size: 7.95 Acres
- Lot Features: Dead End Street, Paved, Secluded, Barn, Fenced-Partially, High Speed Internet, Outbuildings, Patio, RV Parking, Shop, Stable
- View: N/A
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: N/A
- Sewer: Septic Tank, Company: Septic
- Water Source: Individual Well, Company: Private Well
- Road Surface Type: N/A
School Information
- Elementary School: Voyager Elem
- Middle School: Kopachuck Mid
- High School: Gig Harbor High
Listed by: Christina Fitzer • Real Broker LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2249922
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, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 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.