4240 S Splendor PlGilbertAZ85297
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 4240 S Splendor Pl, Gilbert, AZ, 85297 generates $3,752/mo in rent and, after a $2,911/mo payment, leaves $120/mo in cash flow. Total monthly income is $3,752/mo, and annual cash flow is $1,440/yr on $195,689 invested. Return on cash invested sits at 20.8% in year one, and rental yield is 7.57% on a $594,800 entry. Equity gained on principal adds $3,838/yr, while 5% annual appreciation builds toward $164,332 over five years. Five-year ROI reaches 107.45% and total cumulative return in cash sums $210,263. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,752/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
8,050 sqft lot
$N/A/sqft
$349 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: Diane Welch • Balboa Realty, LLC
Mls Name: ARMLS
Mls Provider:
Mls ID: #6793206
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