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Short-Term Rental · Gig Harbor, WA

Short-Term Rental Financing in Gig Harbor, WA

Estimated 0.65x DSCR on a $700,000 short-term rental with $175,000 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price
$700,000
25% Down
$175,000
Loan Amount
$525,000
Est. Monthly PITIA
$4,803
Creditable STR Income
$3,132/mo
Est. DSCR Ratio
0.65x

Short-Term Rental investing in Gig Harbor

Short-term rental financing in Gig Harbor is a different underwriting product than a long-term DSCR loan even though it carries the same name. The lender is crediting nightly revenue instead of a signed lease, which means the documentation, the reserve requirement, and the permit diligence all change.

At the Gig Harbor median of $700,000, a short-term rental prices near $700,000. Minimum down is 25% ($175,000), leaving a loan of $525,000. Estimated all-in PITIA runs about $4,803 per month.

The Gig Harbor ratio math on this product

Gross nightly revenue in Gig Harbor models to about $4,350/month across a full year. Lenders do not credit that dollar-for-dollar — a 28% haircut for vacancy, cleaning, platform fees and management leaves $3,132 of creditable income. Against a PITIA of $4,803, that is an estimated DSCR ratio of 0.65x. That is below the 1.0 threshold, which is normal at this basis. Financing here works one of three ways — more money down, a no-ratio DSCR product, or qualifying on documented short-term rental revenue.

Underwriting notes specific to STR files: plan on 25% down as the floor, six months of PITIA in reserves, and either twelve months of Airbnb/VRBO earnings statements on the subject property or a third-party market revenue study for a property with no operating history. Short-term rental activity is moderate here and local rules vary by zoning district. Verify the permit status of the exact address before you go hard on earnest money — an unpermitted STR is an unfinanceable STR on this product.

Returns and structure

Return metrics at the Gig Harbor median for this product: an estimated cap rate of 2.95%, and monthly cash flow of $1,671 negative at 25% down. Negative cash flow at the minimum down payment is common in appreciation-led markets; investors close the gap with a larger down payment, a purchase below median, an added unit, or a rate buydown.

Gig Harbor property types compared

Property TypeModeled PriceMin. DownEst. IncomeEst. DSCR
Single-Family Rental$700,00020% ($140,000)$2,900/mo0.58x
2–4 Unit Multi-Family$1,106,00025% ($276,500)$5,394/mo0.71x
Condo & Townhome$504,00020% ($100,800)$2,291/mo0.58x
Short-Term Rental (this page)$700,00025% ($175,000)$3,132/mo0.65x

All figures model a purchase at the Gig Harbor median of $700,000 with the property-type adjustments described above, at an illustrative 7.50% DSCR rate on a 30-year fixed. Short-term rental income is shown after the standard lender haircut.

Figures on this page are modeled estimates derived from the Gig Harbor median price and market rent, adjusted for short-term rental product characteristics. They are illustrative, not a loan offer or an appraisal. Actual pricing, rent, taxes, insurance, HOA dues and DSCR depend on the specific property and on conditions at the time of application.

Gig Harbor Short-Term Rental FAQ

More Gig Harbor investor resources

Gig Harbor investor guide
Full market analysis and loan options
Single-Family Rental in Gig Harbor
0.58x est. DSCR
2–4 Unit Multi-Family in Gig Harbor
0.71x est. DSCR
Condo & Townhome in Gig Harbor
0.58x est. DSCR
Pierce County investor hub
Every market we finance in the county
DSCR loan requirements in Washington
DSCR payment calculator

Price a short-term rental in Gig Harbor

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