1123 E Constitution DrGilbertAZ85296
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.29% yield at 1123 E Constitution Dr, Gilbert, AZ, 85296 in Gilbert is solid, but the $2,190/mo payment compresses net cash flow to $33/mo at $487,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $134,549 by year five, and $4,485/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.35) without U.S. income documentation. Total projected return: $186,426.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.0% |
| Monthly Cash Flow | $33 | $300 |
City averages based on Gilbert market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,959 |
| Total Monthly Debt Service | $2,732 |
| DSCR Ratio | 1.08x |
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 1997
7,314 sqft lot
$N/A/sqft
$142 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85296, Gilbert, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,367 (100%) |
| Owner Occupied HU | 13,363 (72.8%) |
| Renter Occupied HU | 4,439 (24.2%) |
| Vacant Housing Units | 565 ( 3.1%) |
| Median Home Value | $572,403 |
| Average Home Value | $633,075 |
Housing Distribution
Address Breakdown
Residential
18,526
Single Family
13,011
Multi-Family
5,515
Businesses
655
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 1997
7,314 sqft lot
$N/A/sqft
$142 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85296, Gilbert, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,367 (100%) |
| Owner Occupied HU | 13,363 (72.8%) |
| Renter Occupied HU | 4,439 (24.2%) |
| Vacant Housing Units | 565 ( 3.1%) |
| Median Home Value | $572,403 |
| Average Home Value | $633,075 |
Housing Distribution
Address Breakdown
Residential
18,526
Single Family
13,011
Multi-Family
5,515
Businesses
655
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
