2634 E Tamarisk StGilbertAZ85296
Nearby investment properties with comparable rents
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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 2634 E Tamarisk St, Gilbert, AZ, 85296 priced at $1,299,000 converts $2,909/mo rent into after a $6,358/mo obligation. Total monthly income equals $2,909/mo. Return on cash invested prints 6.4% in year one, and rental yield reads 2.69% against a $1,299,000 entry. Equity gained on principal adds $8,382/yr, while 5% annual appreciation compiles into $358,890 by year five. Five-year ROI reaches 30.07% and total cumulative return in cash sums $126,541. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,909/mo property income covering a $6,358/mo payment, not borrower’s personal income.
Single Family
Built in 2004
7,380 sqft lot
$N/A/sqft
$389 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85296, Gilbert, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,367 (100%) |
| Owner Occupied HU | 13,363 (72.8%) |
| Renter Occupied HU | 4,439 (24.2%) |
| Vacant Housing Units | 565 ( 3.1%) |
| Median Home Value | $572,403 |
| Average Home Value | $633,075 |
Housing Distribution
Address Breakdown
Residential
18,526
Single Family
13,011
Multi-Family
5,515
Businesses
655
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