7400 Stinson Avenue #145Gig 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
Rental property for sale in Gig Harbor at 7400 Stinson Avenue #145, Gig Harbor, WA, 98335 generates $2,564/mo in rent, after a $2,521/mo payment. Total monthly income is $2,564/mo. Return on cash invested sits at 16.29% in year one, and rental yield is 5.97% on a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 83.18% and total cumulative return in cash sums $140,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,564/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A 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: Sarah Husby • Infinity Real Estate, LLC
Mls Name: NWMLS
Mls ID: #2456228