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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% |
Rental property for sale in Gig Harbor at 9101 Michael Lane NW, Gig Harbor, WA, 98332 generates $5,478/mo in rent, after a $5,629/mo payment. Total monthly income is $5,478/mo. Return on cash invested sits at 15.65% in year one, and rental yield is 5.72% on a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 79.71% and total cumulative return in cash sums $296,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,478/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98332, Gig Harbor, WA area.
| 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 |
Residential
8,094
Single Family
7,778
Multi-Family
316
Businesses
310
Date | Event | Price |
|---|---|---|
| 2024-09-12 | Price change | $1,150,000 |
| 2024-06-30 | Price change | $1,200,000 |
| 2024-05-23 | Listed for sale | $1,225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $10031.50 | 15.68% | $1,057,200 | 8.99% |
| 2022-10-14 | $8671.75 | 14.72% | $970,000 | 28.58% |
| 2021-10-14 | $7559.24 | 29.50% | $754,400 | 15.76% |
Listed by: Lindsay Jackman • Mosaic Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2241518
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, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 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.
