2642 E Longhorn CtGilbertAZ85297
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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 2642 E Longhorn Ct, Gilbert, AZ, 85297 offers $4,975/mo rent that, after a $6,350/mo payment. Total monthly income is $4,975/mo. Return on cash invested measures 10.85% in year one, and rental yield stands at 4.6% at a $1,297,464 entry. Equity gained on principal adds $8,372/yr while 5% annual appreciation compounds into $358,465 by year five. Five-year ROI records 54.43% and total cumulative return in cash reaches $228,827. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,975/mo property income versus a $6,350/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,930 sqft lot
$N/A/sqft
$642 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85297, Gilbert, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,268 (100%) |
| Owner Occupied HU | 9,450 (71.2%) |
| Renter Occupied HU | 3,195 (24.1%) |
| Vacant Housing Units | 623 ( 4.7%) |
| Median Home Value | $600,496 |
| Average Home Value | $657,694 |
Housing Distribution
Address Breakdown
Residential
12,953
Single Family
9,684
Multi-Family
3,269
Businesses
557
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