3535 E Melody LnGilbertAZ85234
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 3535 E Melody Ln, Gilbert, AZ, 85234 priced at $696,998 converts $3,480/mo rent into after a $3,411/mo obligation. Total monthly income equals $3,480/mo. Return on cash invested prints 16.32% in year one, and rental yield reads 5.99% against a $696,998 entry. Equity gained on principal adds $4,498/yr, while 5% annual appreciation compiles into $192,568 by year five. Five-year ROI reaches 83.35% and total cumulative return in cash sums $191,121. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,480/mo property income covering a $3,411/mo payment, not borrower’s personal income.
Single Family
Built in 2008
6,600 sqft lot
$N/A/sqft
$75 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85234, Gilbert, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,206 (100%) |
| Owner Occupied HU | 13,386 (73.5%) |
| Renter Occupied HU | 4,096 (22.5%) |
| Vacant Housing Units | 724 ( 4.0%) |
| Median Home Value | $577,190 |
| Average Home Value | $657,257 |
Housing Distribution
Address Breakdown
Residential
17,615
Single Family
15,333
Multi-Family
2,282
Businesses
800
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Puneet Chawla • Better Homes & Gardens Real Estate SJ Fowler
Mls Name: ARMLS
Mls Provider:
Mls ID: #6785994
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