5920 38th Ave 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 5920 38th Ave NW, Gig Harbor, WA, 98335 listed at $625,000 pairs $3,422/mo rent with a $3,059/mo payment. Total monthly income runs $3,422/mo. Return on cash invested measures 18.11% in year one, and rental yield registers 6.57% at a $625,000 basis. Equity gained on principal adds $4,033/yr, and annual property appreciation at 5% supports $172,676 by year five. Five-year ROI tracks 92.92% and total cumulative return in cash totals $191,077. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,422/mo property income relative to a $3,059/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
0.27 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: Stacia Whatley • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2423121