1049 N Monterey St, Gilbert, AZ, 85233 | 6.81% Rental Yield

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Gilbert at 1049 N Monterey St, Gilbert, AZ, 85233 generates $2,832/mo in rent, after a $2,442/mo payment. Total monthly income is $2,832/mo. Return on cash invested sits at 18.58% in year one, and rental yield is 6.81% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 95.52% and total cumulative return in cash sums $158,010. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,832/mo property income rather than buyer’s personal income.

Single Family

Built in 1994

5,706 sqft lot

$N/A/sqft

$198 quarterly HOA