3784 E Simpson CtGilbertAZ85297
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 3784 E Simpson Ct, Gilbert, AZ, 85297 priced at $698,500 converts $3,749/mo rent into after a $3,419/mo obligation. Total monthly income equals $3,749/mo. Return on cash invested prints 17.7% in year one, and rental yield reads 6.44% against a $698,500 entry. Equity gained on principal adds $4,507/yr, while 5% annual appreciation compiles into $192,983 by year five. Five-year ROI reaches 90.72% and total cumulative return in cash sums $208,489. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,749/mo property income covering a $3,419/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.27 Acres lot
$N/A/sqft
$216 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric Abel • Fathom Realty
Mls Name: ARMLS
Mls Provider:
Mls ID: #6857697
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