1633 E Lakeside Dr UNIT 27GilbertAZ85234
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
Investment Highlights
Investment property for sale in Gilbert at 1633 E Lakeside Dr UNIT 27, Gilbert, AZ, 85234 offers a 5.61% rental yield on a $414,500 purchase with $1,938/mo rent. 31% in year one. Equity gained on principal adds $2,675/yr while 5% annual appreciation supports $114,519 over five years. Portfolio math shows five-year ROI at 62.86% and total cumulative return in cash at $86,372. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,938/mo property income against a $2,029/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1987
921 sqft lot
$N/A/sqft
$358 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaime L Blikre • My Home Group Real Estate
Mls Name: ARMLS
Mls Provider:
Mls ID: #6745632
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