1516 E Cheyenne StGilbertAZ85296
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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
Investment property for sale in Gilbert at 1516 E Cheyenne St, Gilbert, AZ, 85296 listed at $515,000 pairs $3,044/mo rent with a $2,521/mo payment. Total monthly income runs $3,044/mo. Return on cash invested measures 20.06% in year one, and rental yield registers 7.09% at a $515,000 basis. Equity gained on principal adds $3,323/yr, and annual property appreciation at 5% supports $142,285 by year five. Five-year ROI tracks 103.25% and total cumulative return in cash totals $174,937. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,044/mo property income relative to a $2,521/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
9,962 sqft lot
$N/A/sqft
No 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
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