4691 E Appleby Ct · Gilbert, AZ 85298

$420,000

2 bd · 3.0 ba · 1,334 sqft · SingleFamily public records · 73 Days on market

Built 2002 6,219 sqft lot Est $436k · at est. $225/mo HOA · 8% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +9.2/15.0
• Appreciation +9.2/10.0
• Cash flow +6.6/30.0
• Schools +5.2/10.0
• Livability +4.4/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• 1% rule +1.3/10.0
• DSCR +0.9/10.0

Listing remarks MLS

Perfect Rosewood model available in the 55+ Active Adult Community of Trilogy at Power Ranch. Split floor plan 2 bedrooms & 2 bathrooms to allow for privacy to all. Wonderful open concept with vaulted Ceiling, Great Room, Dining area and kitchen all flow together to make a perfect space for entertaining. Master bedroom looks out to the back yard and en-suite bathroom with dual vanities, walk-in shower and walk-in closet. Lovely backyard with covered and extended patio and low maintenance landscape is perfect for full or part time residents. Garage has Epoxy floors, work bench and built-in cabinets. Newer A/C, Furnace (2019) and water heater. All furnishings and golf cart available for purchase on a separate Bill of Sale. Perfect arrangement for someone purchasing as a second home. Resort style living with amenities from Golf to Tennis, Pickle Ball, Bocce, Restaurant, Cafe, Fitness Center, Pools, Clubs and so much more.

Key facts

• 6,219 sq ft lot
• 2 garage spots
• Community pool

Property features AI

Finance

• HOA & community: Association with quarterly fee (association covers grounds maintenance and street maintenance); Association rules prohibit visible trucks, trailers, RVs and boats; Community amenities include pool, community spa (heated), pickleball courts, tennis courts, golf, fitness center, community media room, biking/walking paths

Exterior

• Parking: 2 covered parking spaces; 2 open parking spaces; 2-car garage with direct access and garage door opener
• Security: Gated community with guarded entry
• Utilities: City water; Public sewer
• Home design: Single-family residence; Fee simple ownership
• Construction: Built with stucco and wood frame, painted with stone accents; Tile roof
• Exterior features: Partial wrought-iron fencing; Sprinklers front and rear with automatic timers; Desert front and back landscaping; Corner lot; Private maintained road; City views

Interior

• Kitchen: Built-in microwave; Refrigerator; Dishwasher; Garbage disposal; Water purifier / reverse osmosis; Kitchen island; Pantry; Laminate counters; Breakfast bar
• Bedrooms: 2 possible bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning; Ceiling fans
• Interior features: High-speed internet; Double vanity; Breakfast bar; 9+ foot flat ceilings; No interior steps; Vaulted ceilings; Kitchen island; Pantry; 3/4 bath in master bedroom; Laminate counters; Dual-pane windows; Accessibility features including lever handles, lever faucets and bath grab bars
• Laundry & utility: Laundry in garage with washer/dryer hookup only

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath single-family listed at $420k.

Deal economics

• At list price, monthly cash flow is $-682 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $299k (28.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $265k (36.8% below list).
• Recommended offer: $265k (36.8% below list) — sets the bar for 1% rule.
• Cap rate 4.3% vs local median 3.2% in Gilbert — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 87/100 on livability (#1 in AZ, #240 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, employment A+, housing A+; Watch: health & safety C-, cost of living F.
• Higley Unified School District (4248) (suburban): math 56% / reading 58% proficiency, ranked #21 of 249 in AZ (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 15% free/reduced lunch — higher-income household profile.
• Zoned schools: Cortina Elementary (math 60% / reading 66%, grade B, #121 of 1,109 statewide, top 11%, 702 students, 10% FRL); Sossaman Middle School (math 59% / reading 60%, grade B, #4 of 218 statewide, top 1%, 1,043 students, 13% FRL); Higley High School (math 49% / reading 47%, grade D, #46 of 381 statewide, top 12%, 2,137 students, 12% FRL) — zoned schools at 12% FRL track the district average.
• Market conditions: Rents rising fast (+4.3%/yr); 340 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).

Forward outlook

• In year one you build about $38k of equity ($3k loan paydown + $35k appreciation (8.4% local appreciation)).
• Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$61k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($395k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $364k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $265,468 (36.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 37% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.63% ✗
• Cap rate: 4.34%
• Cash-on-cash: -6.96%
• DSCR: 0.69
• GRM: 13.2

CMA / ARV

• ARV (on-the-fly): $436,218
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5127 S Almond Ct	0.20mi	2/2.0	1,334 (0%)	3mo	$420,000	$315	84
4684 E Walnut Rd	0.43mi	2/2.0	1,332 (-0%)	1mo	$435,000	$327	75
4624 E Indigo St	0.16mi	2/2.0	1,437 (+8%)	4mo	$425,000	$296	72
4687 E Mia Ct	0.21mi	2/2.0	1,433 (+7%)	2mo	$460,000	$321	72
4532 E Indigo St	0.25mi	2/2.0	1,407 (+6%)	4mo	$420,000	$299	72
4694 E Mia Ct	0.24mi	3/2.0 (+1)	1,407 (+6%)	2mo	$480,000	$341	70
5091 S Peachwood Dr	0.30mi	3/2.0 (+1)	1,412 (+6%)	3mo	$477,500	$338	64
5020 S Citrus Ln	0.27mi	2/2.0	1,471 (+10%)	3mo	$549,000	$373	63
4685 E Walnut Rd	0.40mi	2/2.0	1,437 (+8%)	3mo	$470,000	$327	62
4613 E Walnut Rd	0.43mi	2/2.0	1,411 (+6%)	5mo	$405,000	$287	62
4624 E Alfalfa Dr	0.49mi	2/2.0	1,153 (-14%)	2mo	$400,000	$347	49
4673 E Alfalfa Dr	0.45mi	2/2.0	1,153 (-14%)	4mo	$395,000	$343	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

8.36% appreciation · 4.31% rent growth · sell at horizon

5-year hold

• IRR: 16.0%
• Equity multiple: 2.21×
• Total profit: $142,864
• Equity at exit: $329,511

10-year hold

• IRR: 15.7%
• Equity multiple: 4.87×
• Total profit: $455,064
• Equity at exit: $664,278

Cash invested: $117,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Arizona: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

5-day pay-or-quit; AZ courts known for speed; no state rent control; cities preempted by state law.

Methodology + full state rankings →

ZIP-level market 85298

• Home prices YoY: 2.5%
• Rents YoY: 4.3%
• Active inventory: 340
• Price-to-rent: 13.2×

Monthly cashflow live

• Estimated rent: $2,655 high
• Mortgage (P&I): −$2,203
• Tax from tax record: −$177 /mo · $2,125/yr
• Insurance: −$175
• HOA: −$225
• Vacancy / Maint / Mgmt: −$557
• Net cashflow: $-682

Break-even live

Break-even rent $3,518

Max offer price $299,455

Occupancy floor —

Sensitivity live

Price	-10% $-445	-5% $-564	+0% $-682	+5% $-801	+10% $-920
Rent	-10% $-892	-5% $-787	+0% $-682	+5% $-578	+10% $-473
Rate	-1.0pp $-471	-0.5pp $-576	base $-682	+0.5pp $-791	+1.0pp $-902

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $105,000
• Closing costs: $12,600
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4502 E Narrowleaf Dr Gilbert, AZ	2.0	2.0	1604	$2,500	$1.56	26d	1	0.32mi
5141 S Eucalyptus Dr Gilbert, AZ	2.0	2.0	1604	$3,700	$2.31	0d	1	0.55mi
4554 E Strawberry Dr Gilbert, AZ	2.0	2.0	1407	$2,500	$1.78	26d	1	0.58mi
4269 E Cassia Ln Gilbert, AZ	2.0	2.0	1407	$2,495	$1.77	26d	1	0.69mi
4094 E Azalea Dr Gilbert, AZ	2.0	2.0	1308	$2,500	$1.91	26d	1	0.78mi
3710 E Lodgepole Dr Gilbert, AZ	3.0	2.0	1818	$2,650	$1.46	14d	1	1.27mi
3636 E Lodgepole Dr Gilbert, AZ	3.0	2.0	1818	$3,075	$1.69	18d	1	1.36mi
21009 S 194th St Queen Creek, AZ	3.0	2.0	1579	$2,799	$1.77	4d	1	1.37mi
7640 S Power Rd Gilbert, AZ	2.0–3.0	2.0	975	$1,391	$1.43	3d	4	1.47mi
4374 S Woodshed Rd Gilbert, AZ	3.0	2.5	1724	$2,249	$1.30	21d	1	1.49mi

HOA detail

• Monthly dues: $225 · $2,700/yr
• Likely covers: waterpoolgym

Listing history 35 events

1. 2026-06-21
   days on market $420,000 Active 73 DOM
2. 2026-06-18
   pricedays on market $420,000 Active 70 DOM
3. 2026-06-17
   days on market $426,000 Active 69 DOM
4. 2026-06-16
   days on market $426,000 Active 68 DOM
5. 2026-06-15
   days on market $426,000 Active 67 DOM
6. 2026-06-13
   days on market $426,000 Active 65 DOM
7. 2026-06-09
   days on market $426,000 Active 61 DOM
8. 2026-06-08
   days on market $426,000 Active 60 DOM
9. 2026-06-07
   days on market $426,000 Active 59 DOM
10. 2026-06-04
    days on market $426,000 Active 56 DOM
11. 2026-06-03
    days on market $426,000 Active 55 DOM
12. 2026-06-02
    days on market $426,000 Active 54 DOM
13. 2026-06-01
    days on market $426,000 Active 53 DOM
14. 2026-05-31
    days on market $426,000 Active 52 DOM
15. 2026-05-15
    price $426,000
16. 2026-04-10
    listed $435,000 Active
17. 2021-06-16
    soldstatus $363,750
18. 2020-02-18
    status Pending 937-char remark

    Show marketing remark (937 chars)

    Perfect Rosewood model available in the 55+ Active Adult Community of Trilogy at Power Ranch. Split floor plan 2 bedrooms & 2 bathrooms to allow for privacy to all. Wonderful open concept with vaulted Ceiling, Great Room, Dining area and kitchen all flow together to make a perfect space for entertaining. Master bedroom looks out to the back yard and en-suite bathroom with dual vanities, walk-in shower and walk-in closet. Lovely backyard with covered and extended patio and low maintenance landscape is perfect for full or part time residents. Garage has Epoxy floors, work bench and built-in cabinets. Newer A/C, Furnace (2019) and water heater. All furnishings and golf cart available for purchase on a separate Bill of Sale. Perfect arrangement for someone purchasing as a second home. Resort style living with amenities from Golf to Tennis, Pickle Ball, Bocce, Restaurant, Cafe, Fitness Center, Pools, Clubs and so much more.

19. 2020-02-18
    soldstatus $285,000 Closed 937-char remark

    Show marketing remark (937 chars)

    Perfect Rosewood model available in the 55+ Active Adult Community of Trilogy at Power Ranch. Split floor plan 2 bedrooms & 2 bathrooms to allow for privacy to all. Wonderful open concept with vaulted Ceiling, Great Room, Dining area and kitchen all flow together to make a perfect space for entertaining. Master bedroom looks out to the back yard and en-suite bathroom with dual vanities, walk-in shower and walk-in closet. Lovely backyard with covered and extended patio and low maintenance landscape is perfect for full or part time residents. Garage has Epoxy floors, work bench and built-in cabinets. Newer A/C, Furnace (2019) and water heater. All furnishings and golf cart available for purchase on a separate Bill of Sale. Perfect arrangement for someone purchasing as a second home. Resort style living with amenities from Golf to Tennis, Pickle Ball, Bocce, Restaurant, Cafe, Fitness Center, Pools, Clubs and so much more.

20. 2020-02-18
    soldstatus $285,000

    Show marketing remark (937 chars)

    Perfect Rosewood model available in the 55+ Active Adult Community of Trilogy at Power Ranch. Split floor plan 2 bedrooms & 2 bathrooms to allow for privacy to all. Wonderful open concept with vaulted Ceiling, Great Room, Dining area and kitchen all flow together to make a perfect space for entertaining. Master bedroom looks out to the back yard and en-suite bathroom with dual vanities, walk-in shower and walk-in closet. Lovely backyard with covered and extended patio and low maintenance landscape is perfect for full or part time residents. Garage has Epoxy floors, work bench and built-in cabinets. Newer A/C, Furnace (2019) and water heater. All furnishings and golf cart available for purchase on a separate Bill of Sale. Perfect arrangement for someone purchasing as a second home. Resort style living with amenities from Golf to Tennis, Pickle Ball, Bocce, Restaurant, Cafe, Fitness Center, Pools, Clubs and so much more.

21. 2020-02-17
    soldstatus $285,000 Closed 937-char remark

    Show marketing remark (937 chars)

    Perfect Rosewood model available in the 55+ Active Adult Community of Trilogy at Power Ranch. Split floor plan 2 bedrooms & 2 bathrooms to allow for privacy to all. Wonderful open concept with vaulted Ceiling, Great Room, Dining area and kitchen all flow together to make a perfect space for entertaining. Master bedroom looks out to the back yard and en-suite bathroom with dual vanities, walk-in shower and walk-in closet. Lovely backyard with covered and extended patio and low maintenance landscape is perfect for full or part time residents. Garage has Epoxy floors, work bench and built-in cabinets. Newer A/C, Furnace (2019) and water heater. All furnishings and golf cart available for purchase on a separate Bill of Sale. Perfect arrangement for someone purchasing as a second home. Resort style living with amenities from Golf to Tennis, Pickle Ball, Bocce, Restaurant, Cafe, Fitness Center, Pools, Clubs and so much more.

22. 2020-01-18
    status Pending 937-char remark

    Show marketing remark (937 chars)

    Perfect Rosewood model available in the 55+ Active Adult Community of Trilogy at Power Ranch. Split floor plan 2 bedrooms & 2 bathrooms to allow for privacy to all. Wonderful open concept with vaulted Ceiling, Great Room, Dining area and kitchen all flow together to make a perfect space for entertaining. Master bedroom looks out to the back yard and en-suite bathroom with dual vanities, walk-in shower and walk-in closet. Lovely backyard with covered and extended patio and low maintenance landscape is perfect for full or part time residents. Garage has Epoxy floors, work bench and built-in cabinets. Newer A/C, Furnace (2019) and water heater. All furnishings and golf cart available for purchase on a separate Bill of Sale. Perfect arrangement for someone purchasing as a second home. Resort style living with amenities from Golf to Tennis, Pickle Ball, Bocce, Restaurant, Cafe, Fitness Center, Pools, Clubs and so much more.

23. 2020-01-17
    status Pending 937-char remark

    Show marketing remark (937 chars)

    Perfect Rosewood model available in the 55+ Active Adult Community of Trilogy at Power Ranch. Split floor plan 2 bedrooms & 2 bathrooms to allow for privacy to all. Wonderful open concept with vaulted Ceiling, Great Room, Dining area and kitchen all flow together to make a perfect space for entertaining. Master bedroom looks out to the back yard and en-suite bathroom with dual vanities, walk-in shower and walk-in closet. Lovely backyard with covered and extended patio and low maintenance landscape is perfect for full or part time residents. Garage has Epoxy floors, work bench and built-in cabinets. Newer A/C, Furnace (2019) and water heater. All furnishings and golf cart available for purchase on a separate Bill of Sale. Perfect arrangement for someone purchasing as a second home. Resort style living with amenities from Golf to Tennis, Pickle Ball, Bocce, Restaurant, Cafe, Fitness Center, Pools, Clubs and so much more.

24. 2020-01-17
    soldstatus $285,000 Closed 937-char remark

    Show marketing remark (937 chars)

    Perfect Rosewood model available in the 55+ Active Adult Community of Trilogy at Power Ranch. Split floor plan 2 bedrooms & 2 bathrooms to allow for privacy to all. Wonderful open concept with vaulted Ceiling, Great Room, Dining area and kitchen all flow together to make a perfect space for entertaining. Master bedroom looks out to the back yard and en-suite bathroom with dual vanities, walk-in shower and walk-in closet. Lovely backyard with covered and extended patio and low maintenance landscape is perfect for full or part time residents. Garage has Epoxy floors, work bench and built-in cabinets. Newer A/C, Furnace (2019) and water heater. All furnishings and golf cart available for purchase on a separate Bill of Sale. Perfect arrangement for someone purchasing as a second home. Resort style living with amenities from Golf to Tennis, Pickle Ball, Bocce, Restaurant, Cafe, Fitness Center, Pools, Clubs and so much more.

25. 2020-01-16
    listed $285,000 Active 937-char remark

    Show marketing remark (937 chars)

    Perfect Rosewood model available in the 55+ Active Adult Community of Trilogy at Power Ranch. Split floor plan 2 bedrooms & 2 bathrooms to allow for privacy to all. Wonderful open concept with vaulted Ceiling, Great Room, Dining area and kitchen all flow together to make a perfect space for entertaining. Master bedroom looks out to the back yard and en-suite bathroom with dual vanities, walk-in shower and walk-in closet. Lovely backyard with covered and extended patio and low maintenance landscape is perfect for full or part time residents. Garage has Epoxy floors, work bench and built-in cabinets. Newer A/C, Furnace (2019) and water heater. All furnishings and golf cart available for purchase on a separate Bill of Sale. Perfect arrangement for someone purchasing as a second home. Resort style living with amenities from Golf to Tennis, Pickle Ball, Bocce, Restaurant, Cafe, Fitness Center, Pools, Clubs and so much more.

26. 2009-11-24
    soldstatus $205,000
27. 2009-11-23
    soldstatus $205,000 604-char remark

    Show marketing remark (604 chars)

    Gated Community 24/7, surrounded by premier Trilogy Golf Course in a Community For Active Adults. Ceramic tile in all the right places, Large Master suite with large walk-in closet. Great room with walnut kitchen cabinets, Large covered patio with extension for sun bathing. Water feature which resembles a babbling mountain stream, patio with flagstone extension for sun bathing. This home is fully furnished. The furnishings may be purchased separately. Newly painted interior and located 5 min. to freeway and major Mall. This home is very well cared for and is priced for today's market values.

28. 2009-10-24
    historical 604-char remark

    Show marketing remark (604 chars)

    Gated Community 24/7, surrounded by premier Trilogy Golf Course in a Community For Active Adults. Ceramic tile in all the right places, Large Master suite with large walk-in closet. Great room with walnut kitchen cabinets, Large covered patio with extension for sun bathing. Water feature which resembles a babbling mountain stream, patio with flagstone extension for sun bathing. This home is fully furnished. The furnishings may be purchased separately. Newly painted interior and located 5 min. to freeway and major Mall. This home is very well cared for and is priced for today's market values.

29. 2009-09-15
    listed $209,000 604-char remark

    Show marketing remark (604 chars)

    Gated Community 24/7, surrounded by premier Trilogy Golf Course in a Community For Active Adults. Ceramic tile in all the right places, Large Master suite with large walk-in closet. Great room with walnut kitchen cabinets, Large covered patio with extension for sun bathing. Water feature which resembles a babbling mountain stream, patio with flagstone extension for sun bathing. This home is fully furnished. The furnishings may be purchased separately. Newly painted interior and located 5 min. to freeway and major Mall. This home is very well cared for and is priced for today's market values.

30. 2007-04-13
    historical
31. 2007-01-07
    listed $262,500
32. 2005-06-30
    soldstatus $265,500
33. 2005-06-30
    soldstatus $265,500
34. 2005-05-18
    historical
35. 2005-03-08
    listed $265,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AZ · Resets to sale price

• Current annual tax: $2,125 · $177/mo
• Projected year-2 tax: $2,772 · $231/mo
• Expected delta: +$647/yr (+$54/mo · 30.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,856
• − Mortgage interest: −$23,527
• − Property taxes: −$2,125
• − Insurance: −$2,100
• − Repairs & maintenance: −$2,548
• − Management: −$2,548
• − HOA: −$2,700
• − Depreciation: −$12,218
• Taxable loss: −$15,910
• Est. tax savings @ 24.0%: +$3,818
• After-tax cash flow: $-4,370/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Higley Unified School District (4248)
• NCES district ID: 0403780
• Math proficiency: 56% ▼ -10.00%
• Reading proficiency: 58% ▼ -8.00%
• Median HH income: $82,526
• Composite: 51.7/100
• National rank: #1688
• State rank: #21 of 249 in AZ

Livability — Gilbert

• Score: 87/100
• State rank: #1
• US rank: #240

Category grades

Amenities A+ Commute A Cost of living F Crime A Employment A+ Housing A+ Health & safety C- User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gilbert, AZ
• County: Maricopa County · 4,537,380 people
• City population: 281,769
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 44,114
• Household income: $156,425
• Rent vs Own: 8.9% rent · 91.1% own
• Severe rent burden: 173.0

Population outlook (Maricopa County) Hauer SSP2

• Today (2025): 4,979,203 people
• By 2030: 5,378,229 · +8.0%
• By 2040: 6,156,598 · +23.6%
• By 2050: 6,872,376 · +38.0%
• By 2075: 8,401,270 · +68.7%
• By 2100: 9,247,439 · +85.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 14% Two or more races 11% Asian 7% Black 2%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Italian 4% Romanian 3% Lithuanian 3%
• Foreign-born: 9% · Canada, China, Vietnam
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Maricopa

• 2024 margin: Toss-up / Even · D 47.7% · R 51.2% · Other 1.1%
• 2008→2024 swing: +7.1pp toward D · 2008: -10.6pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.2 2016: R+3.5 2012: R+12.0 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.36%
• Current HPI: 343.6932
• Rent YoY: ▲ 4.31%
• Metro: Phoenix-Mesa-Chandler, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

Industry mix (Fortune 500 HQ in AZ)

Industry	F500 HQs	Revenue
▸Technology	2	$13B
▸Mining / Metals	1	$23B
▸Environmental Services	1	$16B
▸Metals / Steel	1	$14B
▸Technology Distribution	1	$9B
▸Homebuilding	1	$8B

Price history

+60.8% since first listed

21 events — show timeline

• 2026-05-15 Price Changed $426,000 ARMLS
• 2026-04-10 Listed $435,000 ARMLS
• 2021-06-16 Sold (Public Records) $363,750 Public Records
• 2020-02-18 Pending — ARMLS
• 2020-02-18 Sold (Public Records) $285,000 Public Records
• 2020-02-18 Sold (MLS) $285,000 ARMLS
• 2020-02-17 Sold (MLS) $285,000 ARMLS
• 2020-01-18 Pending — ARMLS
• 2020-01-17 Pending — ARMLS
• 2020-01-17 Sold (MLS) $285,000 ARMLS
• 2020-01-16 Listed $285,000 ARMLS
• 2009-11-24 Sold (Public Records) $205,000 Public Records
• 2009-11-23 Sold (MLS) $205,000 ARMLS
• 2009-10-24 Listing Removed — ARMLS
• 2009-09-15 Listed $209,000 ARMLS
• 2007-04-13 Listing Removed — ARMLS
• 2007-01-07 Listed $262,500 ARMLS
• 2005-06-30 Sold (Public Records) $265,500 Public Records
• 2005-06-30 Sold (MLS) $265,500 ARMLS
• 2005-05-18 Listing Removed — ARMLS
• 2005-03-08 Listed $265,000 ARMLS

Property tax history

+1.7%/yr

Latest (2025): $2,125 · -4.9% YoY. Source: county tax records.