1002 Kay DrGladewaterTX75647
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
Investment property for sale in Gladewater at 1002 Kay Dr, Gladewater, TX, 75647 with 5% annual appreciation on a $214,000 basis while $2,041/mo rent supports operations. Total monthly income totals $2,041/mo and a $1,047/mo payment preserves $520/mo for cash returns. Annual cash flow comes to $6,236/yr on $70,941 deployed, and return on cash invested reaches 28.7% in year one. Equity gained on principal adds $1,381/yr, and five-year appreciation sums $59,124 alongside rental yield of 11.44%. Five-year ROI measures 151.19% and total cumulative return in cash totals $107,255.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,041/mo property income versus a $1,047/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75647, Gladewater, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 3,749 (63.1%) |
| Renter Occupied HU | 1,511 (25.4%) |
| Vacant Housing Units | 679 (11.4%) |
| Median Home Value | $194,099 |
| Average Home Value | $248,846 |
Housing Distribution
Address Breakdown
Residential
5,440
Single Family
5,419
Multi-Family
21
Businesses
469
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Nearby investment properties with comparable prices
Listed by: Tracy W Mcknight • Tracy McKnight Real Estate
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20247133
Disclaimer: Copyright 2025 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.