218 E Park AveGilbertAZ85234
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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 218 E Park Ave, Gilbert, AZ, 85234 earns from $2,306/mo rent with a $2,447/mo payment. Total monthly income totals $2,306/mo. ROI tracks 15.21% on current figures, and rental yield reads 5.53% at a $499,990 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,138 over five years. Five-year ROI reaches 77.27% and total cumulative return in cash sums $128,069. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,306/mo property income instead of your personal income.
Single Family
Built in 1973
7,144 sqft lot
$N/A/sqft
No 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: Gabriel J. Trevizo • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6856033
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