992 S Roanoke StGilbertAZ85296
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 992 S Roanoke St, Gilbert, AZ, 85296 priced at $470,000 pairs $2,749/mo rent with after a $2,300/mo payment. Total monthly income equals $2,749/mo. Return on cash invested is 19.24% in year one, and rental yield stands at 7.02% on a $470,000 basis. Equity gained on principal adds $3,033/yr, and 5% annual appreciation accumulates to $129,852 by year five. Five-year ROI measures 99.04% and total cumulative return in cash reaches $154,305. For financing, Ziffy Mortgage’s DSCR program evaluates $2,749/mo property income against a $2,300/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
5,820 sqft lot
$N/A/sqft
$176 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85296, Gilbert, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,367 (100%) |
| Owner Occupied HU | 13,363 (72.8%) |
| Renter Occupied HU | 4,439 (24.2%) |
| Vacant Housing Units | 565 ( 3.1%) |
| Median Home Value | $572,403 |
| Average Home Value | $633,075 |
Housing Distribution
Address Breakdown
Residential
18,526
Single Family
13,011
Multi-Family
5,515
Businesses
655
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