8308 144th Street NWGig HarborWA98329
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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 8308 144th Street NW, Gig Harbor, WA, 98329 offers a 8.98% rental yield on a $269,000 purchase with $2,012/mo rent. Total monthly income registers $2,012/mo, and a $1,317/mo payment leaves $395/mo available for distribution. Annual cash flow reaches $4,735/yr on $89,174 to close, and return on cash invested stands at 25.22% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 131.1% and total cumulative return in cash at $116,903. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,012/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1973
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98329, Gig Harbor, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,516 (100%) |
| Owner Occupied HU | 3,709 (82.1%) |
| Renter Occupied HU | 569 (12.6%) |
| Vacant Housing Units | 238 ( 5.3%) |
| Median Home Value | $652,869 |
| Average Home Value | $704,374 |
Housing Distribution
Address Breakdown
Residential
3,989
Single Family
3,989
Multi-Family
0
Businesses
41
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Listed by: Talib DiNero Williams • Windermere Central Sound
Mls Name: NWMLS
Mls ID: #2386888