1633 E Lakeside Dr UNIT 167GilbertAZ85234
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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
Total monthly income runs $1,938/mo, and a $1,762/mo payment. Purchase price stands at $359,900, and rental yield measures 6.46% with $1,938/mo rent. Return on cash invested shows 13.6% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 70.3% and total cumulative return in cash records $83,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,938/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 1994
879 sqft lot
$N/A/sqft
$437 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85234, Gilbert, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,206 (100%) |
| Owner Occupied HU | 13,386 (73.5%) |
| Renter Occupied HU | 4,096 (22.5%) |
| Vacant Housing Units | 724 ( 4.0%) |
| Median Home Value | $577,190 |
| Average Home Value | $657,257 |
Housing Distribution
Address Breakdown
Residential
17,615
Single Family
15,333
Multi-Family
2,282
Businesses
800
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Listed by: Barbi King • Keller Williams Integrity First
Mls Name: ARMLS
Mls Provider:
Mls ID: #6853425
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