9608 Cramer Road 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 9608 Cramer Road NW, Gig Harbor, WA, 98329 offers a 7.14% rental yield on a $749,900 purchase with $4,463/mo rent. 84% in year one. Equity gained on principal adds $4,839/yr while 5% annual appreciation supports $207,184 over five years. Portfolio math shows five-year ROI at 102.22% and total cumulative return in cash at $252,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,463/mo property income against a $3,670/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.92 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-16 | Listed for sale | $749,900 |
| 2022-03-02 | Listing removed | N/A |
| 2022-02-23 | Listed for rent | $2,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-17 | N/A | N/A | $732,500 | 9.31% |
| 2023-05-17 | $6049.43 | -1.89% | $670,100 | -5.96% |
| 2022-05-17 | $6166.15 | 31.58% | $712,600 | 50.78% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2021
- Architectural Style: Traditional
- Building Area: 1,938
- Living Area: 1,938 sqft
- Property Condition: Very Good
Features & Amenities
- Heating: Fireplace(s), Forced Air, Heat Pump
- Cooling: Central Air, Forced Air, Heat Pump
- Flooring: Ceramic Tile, Laminate, Carpet, Laminate Tile
- Interior Features: Walk-In Pantry
- Exterior Features: N/A
- Parking Features: Attached Garage
Location
- City: Gig Harbor
- State: WA
- Subdivision: Glen Cove
- Lot Size: 0.92 Acres
- Lot Features: Propane
- View: Bay
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank, Company: Septic
- Water Source: Individual Well, Company: Well
- Road Surface Type: N/A
School Information
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Listed by: Wenyong Hu • Top Realty LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2377251
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)