2949 E Athena AveGilbertAZ85297
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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 2949 E Athena Ave, Gilbert, AZ, 85297 priced at $1,359,000 converts $5,017/mo rent into after a $6,652/mo obligation. Total monthly income equals $5,017/mo. Return on cash invested prints 11.74% in year one, and rental yield reads 4.43% against a $1,359,000 entry. Equity gained on principal adds $8,769/yr, while 5% annual appreciation compiles into $375,467 by year five. Five-year ROI reaches 58.71% and total cumulative return in cash sums $258,527. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,017/mo property income covering a $6,652/mo payment, not borrower’s personal income.
Single Family
Built in 2012
0.31 Acres lot
$N/A/sqft
$150 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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Listed by: Yesenia Ripley • Real Broker
Mls Name: ARMLS
Mls Provider:
Mls ID: #6845403
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