1523 E Black Diamond DrGilbertAZ85296
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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 1523 E Black Diamond Dr, Gilbert, AZ, 85296 with 5% annual appreciation on a $536,900 basis while $2,664/mo rent supports operations. 29% in year one. Equity gained on principal adds $3,465/yr, and five-year appreciation sums $148,336 alongside rental yield of 5.95%. Five-year ROI measures 83.17% and total cumulative return in cash totals $146,917. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,664/mo property income versus a $2,628/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
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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