9024 Prentice AvenueGig 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
Rental property for sale in Gig Harbor at 9024 Prentice Avenue, Gig Harbor, WA, 98332 generates $2,719/mo in rent, after a $7,244/mo payment. Total monthly income is $2,719/mo. Return on cash invested sits at 4.91% in year one, and rental yield is 2.2% on a $1,480,000 entry. Equity gained on principal adds $9,550/yr, while 5% annual appreciation builds toward $408,897 over five years. Five-year ROI reaches 22.08% and total cumulative return in cash sums $105,872. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,719/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
9,382 sqft 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: Whitney Johnsen • Hawkins Poe
Mls Name: NWMLS
Mls ID: #2468273