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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% |
Investment property for sale in Gig Harbor at 6551 6553 Snug Harbor Lane, Gig Harbor, WA, 98335 listed at $1,275,000 pairs $2,880/mo rent with a $6,240/mo payment. Total monthly income runs $2,880/mo. Return on cash invested measures 6.47% in year one, and rental yield registers 2.71% at a $1,275,000 basis. Equity gained on principal adds $8,227/yr, and annual property appreciation at 5% supports $352,259 by year five. Five-year ROI tracks 30.46% and total cumulative return in cash totals $125,846. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,880/mo property income relative to a $6,240/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98335, Gig Harbor, WA area.
| 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 |
Residential
11,751
Single Family
10,718
Multi-Family
1,033
Businesses
1,540
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Listed for sale | $1,275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: J Michael Drake • Coldwell Banker Danforth
Mls Name: NWMLS
Mls Provider:
Mls ID: #2356080
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, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 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. [Click here for more information](/mls-disclaimers/#39)
