1523 E Black Diamond DrGilbertAZ85296
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 1523 E Black Diamond Dr, Gilbert, AZ, 85296 in Gilbert worth study. Rental yield 5.95%. The 5.95% gross yield is below cash-flow benchmarks at $536,900, but 5% annual appreciation, adding $148,336 over five years, frames this as a capital growth position. Rent of $2,664/mo partially offsets the $2,414/mo payment. Ziffy Mortgage finances appreciation-play properties (1.10 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $167,496.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 6.0% |
| Monthly Cash Flow | $(555) | $300 |
City averages based on Gilbert market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,664 |
| Total Monthly Debt Service | $3,005 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
5,502 sqft lot
$N/A/sqft
$135 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
5,502 sqft lot
$N/A/sqft
$135 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
Listed by: Tracey Shaw • Desert Sand Realty, L.L.C.
Mls Name: ARMLS
Mls Provider:
Mls ID: #6779373
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