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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Gig Harbor at 6205 116th Street Ct, Gig Harbor, WA, 98332 generates $5,892/mo in rent, after a $6,240/mo payment. Total monthly income is $5,892/mo. Return on cash invested sits at 14.75% in year one, and rental yield is 5.55% on a $1,275,000 entry. Equity gained on principal adds $8,227/yr, while 5% annual appreciation builds toward $352,259 over five years. Five-year ROI reaches 75.02% and total cumulative return in cash sums $309,890. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,892/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.26 Acres lot
$N/A/sqft
$1,050 annually HOA
Neighborhood data shown for ZIP Code: 98332, Gig Harbor, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,496 (100%) |
| Owner Occupied HU | 6,688 (78.7%) |
| Renter Occupied HU | 1,364 (16.1%) |
| Vacant Housing Units | 444 ( 5.2%) |
| Median Home Value | $755,562 |
| Average Home Value | $845,262 |
Residential
8,094
Single Family
7,778
Multi-Family
316
Businesses
310
Date | Event | Price |
|---|---|---|
| 2025-10-22 | Sold | $1,275,000 |
| 2025-09-20 | Pending sale | $1,299,000 |
| 2025-09-10 | Price change | $1,299,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-29 | $11615.96 | 6.96% | $1,297,700 | 8.28% |
| 2023-10-29 | $10859.80 | 8.68% | $1,198,500 | 3.04% |
| 2022-10-29 | $9992.05 | 6.86% | $1,163,100 | 19.11% |
Listed by: Chris Dowd • Windermere Prof Partners
Mls Name: NWMLS
Mls Provider:
Mls ID: #2413267
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-28 21:14:31 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)
