The property at 1711 W Houston Ave, Gilbert, is a 5-bed, 3-bath, 2,732 sqft single-family home in the desirable El Dorado Lakes community. Based on current comp data and rental market trends, monthly rent potential ranges from $3,300 (conservative) to $5,975 (optimistic), with most similar homes commanding between $3,500â$4,200. Annual gross potential revenue is $39.6Kâ$71.7K. Estimated payback period on a $520K valuation is roughly 7â13 years (exclusive of expenses). Demand remains strong for large, family-ready homes, especially those offering amenities (pool, 3-car garage, golf course proximity). However, tenant expectations are rising, and well-maintained, updated homes are favored. This property needs TLC, which may currently limit its rental ceiling. Market conditions in Gilbert are steady, but rent growth is cooling and renters are becoming more selective.
To maximize rental income, invest in cosmetic upgrades: fresh paint, modern flooring, and updated kitchen/baths will boost appeal and justify top-tier rents. Consider adding smart home features, low-maintenance landscaping, or luxury touches (pool upgrades). If selling, complete basic repairs and minor renovations to attract both investors and owner-occupants at a premium. Well-presented homes in this neighborhood consistently outperform dated or neglected listings.