723 N Joshua Tree 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 723 N Joshua Tree Ln, Gilbert, AZ, 85234 priced at $554,500 pairs $3,480/mo rent with $152/mo cash flow after a $2,714/mo payment. Total monthly income equals $3,480/mo, and annual cash flow comes to $1,827/yr on $182,431 invested. Return on cash invested is 21.06% in year one, and rental yield stands at 7.53% on a $554,500 basis. Equity gained on principal adds $3,578/yr, and 5% annual appreciation accumulates to $153,198 by year five. Five-year ROI measures 108.76% and total cumulative return in cash reaches $198,403. For financing, Ziffy Mortgage’s DSCR program evaluates $3,480/mo property income against a $2,714/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
9,845 sqft lot
$N/A/sqft
$50 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: Jesse Martinez • Revinre
Mls Name: ARMLS
Mls Provider:
Mls ID: #6884884
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