3485 S Seneca WayGilbertAZ85297
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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 3485 S Seneca Way, Gilbert, AZ, 85297 priced at $488,000 pairs $2,900/mo rent with after a $2,389/mo payment. Total monthly income equals $2,900/mo. Return on cash invested is 18.54% in year one, and rental yield stands at 7.13% on a $488,000 basis. Equity gained on principal adds $3,149/yr, and 5% annual appreciation accumulates to $134,825 by year five. Five-year ROI measures 95.68% and total cumulative return in cash reaches $154,784. For financing, Ziffy Mortgage’s DSCR program evaluates $2,900/mo property income against a $2,389/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2011
2,660 sqft lot
$N/A/sqft
$597 quarterly 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: Mike Frost • HomeSmart
Mls Name: ARMLS
Mls Provider:
Mls ID: #6848491
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