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3328 E Merlot St
D Composite 40.24
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).

  • Appreciation +9.2/10.0
  • Cash flow +6.9/30.0
  • ARV discount +6.8/15.0
  • Schools +4.8/10.0
  • Livability +4.4/5.0
  • Rent growth +3.6/5.0
  • Condition / age +2.5/5.0
  • DSCR +1.1/10.0
  • 1% rule +1.0/10.0

$570,000

3328 E Merlot St · Gilbert, AZ 85298
5 bd · 4.0 ba · 2,529 sqft · SingleFamily public records · 80 Days on market
Built 2005 6,050 sqft lot $225/sqft · at area comps Est $562k · at est. $103/mo HOA · 3% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

MOVE-IN READY IN SEVILLE! This beautiful 5-bedroom+ loft, 3-bath home offers the perfect blend of space and style. Featuring a rare downstairs guest wing (2 bedrooms + full bath), this home is ideal for any living situation. Highlights include soaring ceilings at the entry, a gourmet kitchen with granite counters and a breakfast bar, and a huge upstairs loft with mountain views. The primary suite is a true sanctuary with a walk-in closet and dual vanities.

Key facts

  • 6,050 sq ft lot
  • 2 garage spots
  • Built 2005

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 5-bed/4.0-bath single-family listed at $570k.

Deal economics

  • At list price, monthly cash flow is $-855 ($-10k/yr) — negative.
  • To cash-flow at today's rent, offer at most $419k (26.5% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $341k (40.2% below list).
  • Recommended offer: $341k (40.2% below list) — sets the bar for 1% rule.
  • Cap rate 4.5% 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.
  • Chandler Unified District #80 (4242) (suburban): math 49% / reading 57% proficiency, ranked #31 of 249 in AZ (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Riggs Elementary (math 56% / reading 63%, grade B-, #148 of 1,109 statewide, top 15%, 833 students, 12% FRL); Arizona College Prep Middle School (math 88% / reading 87%, grade A+, #1 of 218 statewide, top 0%, 744 students, 4% FRL); Dr. Camille Casteel High School (math 45% / reading 53%, grade D, #43 of 381 statewide, top 11%, 3,140 students, 12% FRL) — zoned schools average 9% FRL vs 25% district-wide (16 pts lower); this property's tenant base skews higher-income than the district average.
  • Zoned-school proficiency averages 65% at this address vs 53% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Chandler Unified District #80 (4242) average implies; a family-tenant draw the district grade alone would hide.
  • Market conditions: Rents rising fast (+4.3%/yr); 340 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 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 $52k of equity ($4k loan paydown + $48k 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 ~$83k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 80 days — a 6% lower offer ($536k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 6y 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.

Risks & watch-outs

  • Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $340,700 (40.2% 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 80 days. Have you received any prior offers? Is the seller open to a 40% 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
0.60%
Cap rate
4.49%
Cash-on-cash
-6.43%
DSCR
0.71
GRM
13.9

CMA / ARV

ARV (median comp)
$561,700
List price
$570,000
Delta
1.48%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
3468 E Arianna Ave 0.37mi 5/4.0 2,529 (0%) 2mo $570,000 $225 81
3412 E Ravenswood Dr 0.12mi 4/3.0 (-1) 2,410 (-5%) 2mo $660,000 $274 76
7169 S Dodane Ct 0.16mi 4/3.0 (-1) 2,410 (-5%) 1mo $520,000 $216 75
3274 E Isaiah Ct 0.50mi 4/3.0 (-1) 2,410 (-5%) 1mo $710,000 $295 59
3700 E Vallejo Dr 0.51mi 4/3.0 (-1) 2,410 (-5%) 2mo $600,000 $249 57
6805 S Rachael Way 0.55mi 5/3.0 2,740 (+8%) 3mo $915,000 $334 54
3032 E Turnberry Dr 0.43mi 4/2.0 (-1) 2,723 (+8%) 2mo $600,000 $220 52
2925 E Andre Ave 0.51mi 5/3.0 2,171 (-14%) 1mo $405,000 $187 48
6679 S Jacqueline Way 0.69mi 4/2.5 (-1) 2,632 (+4%) 4mo $875,000 $332 47
7020 S Banning St 0.33mi 4/2.0 (-1) 2,171 (-14%) 3mo $620,000 $286 46
2970 E Andre Ave 0.46mi 4/2.0 (-1) 2,171 (-14%) 1mo $470,000 $216 42
2813 E Muirfield St 0.67mi 4/2.5 (-1) 2,871 (+14%) 0mo $720,000 $251 35

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
16.3%
Equity multiple
2.24×
Total profit
$197,996
Equity at exit
$447,193
10-year hold
IRR
16.0%
Equity multiple
4.92×
Total profit
$625,298
Equity at exit
$901,520

Cash invested: $159,600 (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.

ZIP-level market 85298

Home prices YoY
2.5%
Rents YoY
4.3%
Active inventory
340
Price-to-rent
13.9×

Monthly cashflow live

Estimated rent
$3,407 high interval (Pro) →
Mortgage (P&I)
$2,989
Tax from tax record
$217 /mo · $2,606/yr
Insurance
$238
HOA
$103
Vacancy / Maint / Mgmt
$715
Net cashflow
$-855

Break-even live

Break-even rent $4,490
Max offer price $418,917
Occupancy floor

Sensitivity live

Price -10% $-533 -5% $-694 +0% $-855 +5% $-1,017 +10% $-1,178
Rent -10% $-1,124 -5% $-990 +0% $-855 +5% $-721 +10% $-586
Rate -1.0pp $-568 -0.5pp $-710 base $-855 +0.5pp $-1,003 +1.0pp $-1,153

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
$142,500
Closing costs
$17,100
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 19 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3068 E Ravenswood Dr Gilbert, AZ 4.0 2.0 1815 $2,550 $1.40 14d 1 0.31mi
3068 E Ravenswood Dr Gilbert, AZ 4.0 2.0 1815 $2,550 $1.40 0d 1 0.31mi
3010 E Augusta Ave Gilbert, AZ 5.0 3.5 2938 $3,795 $1.29 45d 1 0.41mi
6943 S View Ln Gilbert, AZ 4.0 3.0 2586 $2,445 $0.95 7d 1 0.64mi
3570 E Meadowview Dr Gilbert, AZ 4.0 3.0 2536 $3,200 $1.26 4d 1 0.86mi
2756 E Hickory St Gilbert, AZ 4.0 2.5 2873 $2,995 $1.04 26d 1 0.93mi
2756 E Hickory St Gilbert, AZ 4.0 3.0 2873 $2,995 $1.04 23d 1 0.93mi
3440 E Flower St Gilbert, AZ 4.0 2.5 2943 $2,800 $0.95 26d 1 0.95mi
4155 E Clubview Dr Gilbert, AZ 4.0 2.0 2064 $2,600 $1.26 6d 1 1.07mi
4176 E Clubview Dr Gilbert, AZ 4.0 2.0 2740 $6,500 $2.37 6d 1 1.10mi
4176 E Clubview Dr Gilbert, AZ 4.0 2.0 2740 $5,200 $1.90 7d 1 1.10mi
6851 S Birdie Way Gilbert, AZ 4.0 3.0 2591 $2,995 $1.16 7d 1 1.28mi
4351 E Vallejo Ct Gilbert, AZ 5.0 3.0 2640 $2,995 $1.13 20d 1 1.29mi
2304 E Kelly Dr Gilbert, AZ 4.0 2.0 1797 $2,400 $1.34 0d 1 1.40mi
2304 E Kelly Dr Gilbert, AZ 4.0 2.0 1797 $2,400 $1.34 14d 1 1.40mi
6071 S Rockwell St Gilbert, AZ 5.0 3.0 2375 $2,695 $1.13 18d 1 1.45mi
2250 E Kelly Dr Gilbert, AZ 5.0 3.0 1956 $2,700 $1.38 13d 1 1.46mi
2303 E Citadel Dr Gilbert, AZ 4.0 3.0 2265 $2,750 $1.21 26d 1 1.49mi
7657 S Debra Dr Gilbert, AZ 5.0 3.5 3512 $3,700 $1.05 0d 1 1.49mi

HOA detail

Monthly dues
$103 · $1,236/yr

Listing history 32 events

  1. 2026-06-21
    days on market $570,000 Active 80 DOM
  2. 2026-06-18
    days on market $570,000 Active 77 DOM
  3. 2026-06-17
    days on market $570,000 Active 76 DOM
  4. 2026-06-16
    days on market $570,000 Active 75 DOM
  5. 2026-06-15
    days on market $570,000 Active 74 DOM
  6. 2026-06-13
    days on market $570,000 Active 72 DOM
  7. 2026-06-13
    days on market $570,000 Active 71 DOM
  8. 2026-06-09
    days on market $570,000 Active 68 DOM
  9. 2026-06-08
    days on market $570,000 Active 67 DOM
  10. 2026-06-07
    days on market $570,000 Active 66 DOM
  11. 2026-06-04
    days on market $570,000 Active 63 DOM
  12. 2026-06-03
    days on market $570,000 Active 62 DOM
  13. 2026-06-02
    days on market $570,000 Active 61 DOM
  14. 2026-06-01
    days on market $570,000 Active 60 DOM
  15. 2026-05-31
    days on market $570,000 Active 59 DOM
  16. 2026-04-02
    listed $570,000 Active 460-char remark
    Show marketing remark (460 chars)

    MOVE-IN READY IN SEVILLE! This beautiful 5-bedroom+ loft, 3-bath home offers the perfect blend of space and style. Featuring a rare downstairs guest wing (2 bedrooms + full bath), this home is ideal for any living situation. Highlights include soaring ceilings at the entry, a gourmet kitchen with granite counters and a breakfast bar, and a huge upstairs loft with mountain views. The primary suite is a true sanctuary with a walk-in closet and dual vanities.

  17. 2022-09-30
    soldstatus $565,000 Closed 945-char remark
    Show marketing remark (945 chars)

    MOVE-IN READY 5 bed + loft, 3 ba home in Seville! Great curb appeal w/ mature landscaping & stacked stone accents. Versatile floorplan w/ formal living/ dining space at entry + family room w/ entertainment niche open to the kitchen. Kitchen features raised panel maple cabinets + pantry for storage, granite counters, island w/ breakfast bar, and ALL APPLIANCES INCLUDED! Two bedrooms & full bath downstairs, perfect for guests! Upstairs you'll find a spacious loft + built-in desk. Upstairs secondary bedrooms share a Jack & Jill bath. HUGE master suite features walk-in closet, dual vanity, and separate shower & soaking tub. Spray foam insulation in attic + sunscreens for windows. Private backyard w/ expansive covered patio & grassy yard. Great location near schools & NEW Gilbert Regional Park. Optional Seville Country Club membership gives access to amenities like pools & fitness center. Don't miss this one!

  18. 2022-09-30
    soldstatus $565,000
    Show marketing remark (945 chars)

    MOVE-IN READY 5 bed + loft, 3 ba home in Seville! Great curb appeal w/ mature landscaping & stacked stone accents. Versatile floorplan w/ formal living/ dining space at entry + family room w/ entertainment niche open to the kitchen. Kitchen features raised panel maple cabinets + pantry for storage, granite counters, island w/ breakfast bar, and ALL APPLIANCES INCLUDED! Two bedrooms & full bath downstairs, perfect for guests! Upstairs you'll find a spacious loft + built-in desk. Upstairs secondary bedrooms share a Jack & Jill bath. HUGE master suite features walk-in closet, dual vanity, and separate shower & soaking tub. Spray foam insulation in attic + sunscreens for windows. Private backyard w/ expansive covered patio & grassy yard. Great location near schools & NEW Gilbert Regional Park. Optional Seville Country Club membership gives access to amenities like pools & fitness center. Don't miss this one!

  19. 2022-09-06
    status Pending 945-char remark
    Show marketing remark (945 chars)

    MOVE-IN READY 5 bed + loft, 3 ba home in Seville! Great curb appeal w/ mature landscaping & stacked stone accents. Versatile floorplan w/ formal living/ dining space at entry + family room w/ entertainment niche open to the kitchen. Kitchen features raised panel maple cabinets + pantry for storage, granite counters, island w/ breakfast bar, and ALL APPLIANCES INCLUDED! Two bedrooms & full bath downstairs, perfect for guests! Upstairs you'll find a spacious loft + built-in desk. Upstairs secondary bedrooms share a Jack & Jill bath. HUGE master suite features walk-in closet, dual vanity, and separate shower & soaking tub. Spray foam insulation in attic + sunscreens for windows. Private backyard w/ expansive covered patio & grassy yard. Great location near schools & NEW Gilbert Regional Park. Optional Seville Country Club membership gives access to amenities like pools & fitness center. Don't miss this one!

  20. 2022-08-25
    price $565,000 945-char remark
    Show marketing remark (945 chars)

    MOVE-IN READY 5 bed + loft, 3 ba home in Seville! Great curb appeal w/ mature landscaping & stacked stone accents. Versatile floorplan w/ formal living/ dining space at entry + family room w/ entertainment niche open to the kitchen. Kitchen features raised panel maple cabinets + pantry for storage, granite counters, island w/ breakfast bar, and ALL APPLIANCES INCLUDED! Two bedrooms & full bath downstairs, perfect for guests! Upstairs you'll find a spacious loft + built-in desk. Upstairs secondary bedrooms share a Jack & Jill bath. HUGE master suite features walk-in closet, dual vanity, and separate shower & soaking tub. Spray foam insulation in attic + sunscreens for windows. Private backyard w/ expansive covered patio & grassy yard. Great location near schools & NEW Gilbert Regional Park. Optional Seville Country Club membership gives access to amenities like pools & fitness center. Don't miss this one!

  21. 2022-08-10
    price $574,500 945-char remark
    Show marketing remark (945 chars)

    MOVE-IN READY 5 bed + loft, 3 ba home in Seville! Great curb appeal w/ mature landscaping & stacked stone accents. Versatile floorplan w/ formal living/ dining space at entry + family room w/ entertainment niche open to the kitchen. Kitchen features raised panel maple cabinets + pantry for storage, granite counters, island w/ breakfast bar, and ALL APPLIANCES INCLUDED! Two bedrooms & full bath downstairs, perfect for guests! Upstairs you'll find a spacious loft + built-in desk. Upstairs secondary bedrooms share a Jack & Jill bath. HUGE master suite features walk-in closet, dual vanity, and separate shower & soaking tub. Spray foam insulation in attic + sunscreens for windows. Private backyard w/ expansive covered patio & grassy yard. Great location near schools & NEW Gilbert Regional Park. Optional Seville Country Club membership gives access to amenities like pools & fitness center. Don't miss this one!

  22. 2022-08-05
    price $592,500 945-char remark
    Show marketing remark (945 chars)

    MOVE-IN READY 5 bed + loft, 3 ba home in Seville! Great curb appeal w/ mature landscaping & stacked stone accents. Versatile floorplan w/ formal living/ dining space at entry + family room w/ entertainment niche open to the kitchen. Kitchen features raised panel maple cabinets + pantry for storage, granite counters, island w/ breakfast bar, and ALL APPLIANCES INCLUDED! Two bedrooms & full bath downstairs, perfect for guests! Upstairs you'll find a spacious loft + built-in desk. Upstairs secondary bedrooms share a Jack & Jill bath. HUGE master suite features walk-in closet, dual vanity, and separate shower & soaking tub. Spray foam insulation in attic + sunscreens for windows. Private backyard w/ expansive covered patio & grassy yard. Great location near schools & NEW Gilbert Regional Park. Optional Seville Country Club membership gives access to amenities like pools & fitness center. Don't miss this one!

  23. 2022-07-20
    price $594,500 945-char remark
    Show marketing remark (945 chars)

    MOVE-IN READY 5 bed + loft, 3 ba home in Seville! Great curb appeal w/ mature landscaping & stacked stone accents. Versatile floorplan w/ formal living/ dining space at entry + family room w/ entertainment niche open to the kitchen. Kitchen features raised panel maple cabinets + pantry for storage, granite counters, island w/ breakfast bar, and ALL APPLIANCES INCLUDED! Two bedrooms & full bath downstairs, perfect for guests! Upstairs you'll find a spacious loft + built-in desk. Upstairs secondary bedrooms share a Jack & Jill bath. HUGE master suite features walk-in closet, dual vanity, and separate shower & soaking tub. Spray foam insulation in attic + sunscreens for windows. Private backyard w/ expansive covered patio & grassy yard. Great location near schools & NEW Gilbert Regional Park. Optional Seville Country Club membership gives access to amenities like pools & fitness center. Don't miss this one!

  24. 2022-07-07
    price $609,000 945-char remark
    Show marketing remark (945 chars)

    MOVE-IN READY 5 bed + loft, 3 ba home in Seville! Great curb appeal w/ mature landscaping & stacked stone accents. Versatile floorplan w/ formal living/ dining space at entry + family room w/ entertainment niche open to the kitchen. Kitchen features raised panel maple cabinets + pantry for storage, granite counters, island w/ breakfast bar, and ALL APPLIANCES INCLUDED! Two bedrooms & full bath downstairs, perfect for guests! Upstairs you'll find a spacious loft + built-in desk. Upstairs secondary bedrooms share a Jack & Jill bath. HUGE master suite features walk-in closet, dual vanity, and separate shower & soaking tub. Spray foam insulation in attic + sunscreens for windows. Private backyard w/ expansive covered patio & grassy yard. Great location near schools & NEW Gilbert Regional Park. Optional Seville Country Club membership gives access to amenities like pools & fitness center. Don't miss this one!

  25. 2022-06-15
    listed $620,000 Active 945-char remark
    Show marketing remark (945 chars)

    MOVE-IN READY 5 bed + loft, 3 ba home in Seville! Great curb appeal w/ mature landscaping & stacked stone accents. Versatile floorplan w/ formal living/ dining space at entry + family room w/ entertainment niche open to the kitchen. Kitchen features raised panel maple cabinets + pantry for storage, granite counters, island w/ breakfast bar, and ALL APPLIANCES INCLUDED! Two bedrooms & full bath downstairs, perfect for guests! Upstairs you'll find a spacious loft + built-in desk. Upstairs secondary bedrooms share a Jack & Jill bath. HUGE master suite features walk-in closet, dual vanity, and separate shower & soaking tub. Spray foam insulation in attic + sunscreens for windows. Private backyard w/ expansive covered patio & grassy yard. Great location near schools & NEW Gilbert Regional Park. Optional Seville Country Club membership gives access to amenities like pools & fitness center. Don't miss this one!

  26. 2020-06-30
    status Pending
  27. 2020-06-30
    listed $379,000 Active
  28. 2020-06-30
    soldstatus $379,000 Closed
  29. 2020-06-30
    soldstatus $379,000
  30. 2020-06-29
    soldstatus $379,000 Closed
  31. 2020-05-01
    historical Contract Contingent on Buyer Sale
  32. 2020-04-16
    listed $379,000 Active

ⓘ 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
$2,606 · $217/mo
Projected year-2 tax
$3,762 · $314/mo
Expected delta
+$1,156/yr (+$96/mo · 44.4%)

ⓘ 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 6/10 Major
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 19 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$40,884
− Mortgage interest
−$31,929
− Property taxes
−$2,606
− Insurance
−$2,850
− Repairs & maintenance
−$3,271
− Management
−$3,271
− HOA
−$1,236
− Depreciation
−$16,582
Taxable loss
−$20,860
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$5,006
After-tax cash flow
$-5,257/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
Chandler Unified District #80 (4242)
NCES district ID
0401870
Math proficiency
49% ▼ -8.00%
Reading proficiency
57% ▼ -2.00%
Median HH income
$74,048
Composite
47.54/100
National rank
#2268
State rank
#31 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

Price history

+50.4% since first listed
17 events — show timeline
  • 2026-04-02 Listed $570,000 ARMLS
  • 2022-09-30 Sold (Public Records) $565,000 Public Records
  • 2022-09-30 Sold (MLS) $565,000 ARMLS
  • 2022-09-06 Pending ARMLS
  • 2022-08-25 Price Changed $565,000 ARMLS
  • 2022-08-10 Price Changed $574,500 ARMLS
  • 2022-08-05 Price Changed $592,500 ARMLS
  • 2022-07-20 Price Changed $594,500 ARMLS
  • 2022-07-07 Price Changed $609,000 ARMLS
  • 2022-06-15 Listed $620,000 ARMLS
  • 2020-06-30 Pending ARMLS
  • 2020-06-30 Listed $379,000 ARMLS
  • 2020-06-30 Sold (Public Records) $379,000 Public Records
  • 2020-06-30 Sold (MLS) $379,000 ARMLS
  • 2020-06-29 Sold (MLS) $379,000 ARMLS
  • 2020-05-01 Contingent ARMLS
  • 2020-04-16 Listed $379,000 ARMLS

Property tax history

+2.6%/yr

Latest (2025): $2,606 · +1.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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