2313 E Gondola LnGilbertAZ85234
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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
Rental property for sale in Gilbert at 2313 E Gondola Ln, Gilbert, AZ, 85234 generates $3,596/mo in rent and, after a $2,570/mo payment, leaves $367/mo in cash flow. Total monthly income is $3,596/mo, and annual cash flow is $4,407/yr on $172,725 invested. Return on cash invested sits at 22.61% in year one, and rental yield is 8.22% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 117.26% and total cumulative return in cash sums $202,545. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,596/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
5,175 sqft lot
$N/A/sqft
$125 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: Patrick Harfst • Realty Executives
Mls Name: ARMLS
Mls Provider:
Mls ID: #6768124
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