1003 E Princeton AveGilbertAZ85234
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Gilbert rental at 1003 E Princeton Ave, Gilbert, AZ, 85234 sits in the solid-income band: 8.07% gross yield, $3,280/mo rent, $397/mo net after the $2,193/mo debt service, DSCR 1.50. Entry price of $487,700 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $134,743 and $4,492/yr in principal reduction bring total cumulative return to $209,948.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.0% |
| Monthly Cash Flow | $397 | $300 |
City averages based on Gilbert market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,280 |
| Total Monthly Debt Service | $2,689 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
5,153 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85234, Gilbert, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,206 (100%) |
| Owner Occupied HU | 13,386 (73.5%) |
| Renter Occupied HU | 4,096 (22.5%) |
| Vacant Housing Units | 724 ( 4.0%) |
| Median Home Value | $577,190 |
| Average Home Value | $657,257 |
Housing Distribution
Address Breakdown
Residential
17,615
Single Family
15,333
Multi-Family
2,282
Businesses
800
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1995
5,153 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85234, Gilbert, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,206 (100%) |
| Owner Occupied HU | 13,386 (73.5%) |
| Renter Occupied HU | 4,096 (22.5%) |
| Vacant Housing Units | 724 ( 4.0%) |
| Median Home Value | $577,190 |
| Average Home Value | $657,257 |
Housing Distribution
Address Breakdown
Residential
17,615
Single Family
15,333
Multi-Family
2,282
Businesses
800
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices