6507 Lombard Drive NW, Gig Harbor, WA, 98335 | 5.18% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Gig Harbor at 6507 Lombard Drive NW, Gig Harbor, WA, 98335 listed at $749,950 pairs $3,240/mo rent with a $3,671/mo payment. Total monthly income runs $3,240/mo. Return on cash invested measures 13.89% in year one, and rental yield registers 5.18% at a $749,950 basis. Equity gained on principal adds $4,839/yr, and annual property appreciation at 5% supports $207,197 by year five. Five-year ROI tracks 70.3% and total cumulative return in cash totals $173,462. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,240/mo property income relative to a $3,671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1973

0.60 Acres lot

$N/A/sqft

No HOA

More details about the property

Modern comfort meets Pacific Northwest charm. Set on a private, wooded .6-acre lot, this 1,920 sq. ft. home lives like a four-bedroom (three-bedroom septic) and has been completely modernized from top to bottom. Recent upgrades include a custom kitchen renovation, new LVP flooring, fresh interior and exterior paint, a refreshed front porch, new backyard pergola, and a relaxing hot tub. Enjoy year-round comfort with a well-appointed fireplace, A/C, a whole-home generator, and a 536 sq. ft. detached garagefully insulated & equipped with multiple outlets, workbenches and built-in shelving. Just minutes from downtown Gig Harbor, this home offers the perfect blend of peaceful seclusion and convenient access to shops, dining, and the waterfront.

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