119 S Monterey StGilbertAZ85233
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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
Rental property for sale in Gilbert at 119 S Monterey St, Gilbert, AZ, 85233 offers $2,959/mo rent that, after a $3,145/mo payment. Total monthly income is $2,959/mo. Return on cash invested measures 14.86% in year one, and rental yield stands at 5.53% at a $642,600 entry. Equity gained on principal adds $4,147/yr while 5% annual appreciation compounds into $177,539 by year five. Five-year ROI records 75.53% and total cumulative return in cash reaches $159,678. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,959/mo property income versus a $3,145/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
7,745 sqft lot
$N/A/sqft
$77 monthly HOA
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Listed by: Sheri Tucker • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6853549
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010