3507 E Erie StGilbertAZ85295
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3507 E Erie St, Gilbert, AZ, 85295 priced at $494,000 pairs $3,116/mo rent with $66/mo cash flow after a $2,418/mo payment. Total monthly income equals $3,116/mo, and annual cash flow comes to $789/yr on $163,761 invested. Return on cash invested is 20.39% in year one, and rental yield stands at 7.57% on a $494,000 basis. Equity gained on principal adds $3,188/yr, and 5% annual appreciation accumulates to $136,483 by year five. Five-year ROI measures 105.41% and total cumulative return in cash reaches $172,616. For financing, Ziffy Mortgage’s DSCR program evaluates $3,116/mo property income against a $2,418/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2012
2,989 sqft lot
$N/A/sqft
$130 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danny Kallay • Compass
Mls Name: ARMLS
Mls Provider:
Mls ID: #6835123
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