261 E Tremaine 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
Rental property for sale in Gilbert at 261 E Tremaine Ave, Gilbert, AZ, 85234 priced at $457,500 converts $2,663/mo rent into after a $2,239/mo obligation. Total monthly income equals $2,663/mo. Return on cash invested prints 18.88% in year one, and rental yield reads 6.98% against a $457,500 entry. Equity gained on principal adds $2,952/yr, while 5% annual appreciation compiles into $126,399 by year five. Five-year ROI reaches 97.21% and total cumulative return in cash sums $147,428. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,663/mo property income covering a $2,239/mo payment, not borrower’s personal income.
Single Family
Built in 1986
5,610 sqft lot
$N/A/sqft
$89 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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