6311 -6313 151st Street NWGig HarborWA98332
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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 6311 -6313 151st Street NW, Gig Harbor, WA, 98332 uses $180,621 cash to close to unlock $24,479/yr annual cash flow and $2,040/mo monthly cash flow. Total monthly income runs $5,340/mo, and a $2,687/mo payment keeps the spread at $2,040/mo. Purchase price stands at $549,000, and rental yield measures 11.67% with $5,340/mo rent. Return on cash invested shows 33.61% in year one, and 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 176.06% and total cumulative return in cash records $317,996. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,340/mo property income covering a $2,687/mo payment rather than investor’s personal income.
Multi Family
Built in 1965
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98332, Gig Harbor, WA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,094
Single Family
7,778
Multi-Family
316
Businesses
310
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Listed by: George Clouse • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2454183