1002 Ruby StGilmerTX75644
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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 Gilmer at 1002 Ruby St, Gilmer, TX, 75644 priced at $449,900 converts $2,411/mo rent into after a $2,202/mo obligation. Total monthly income equals $2,411/mo. Return on cash invested prints 13.57% in year one, and rental yield reads 6.43% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 70.04% and total cumulative return in cash sums $104,458. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,411/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75644, Gilmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,216 (100%) |
| Owner Occupied HU | 3,397 (65.1%) |
| Renter Occupied HU | 1,198 (23.0%) |
| Vacant Housing Units | 621 (11.9%) |
| Median Home Value | $174,137 |
| Average Home Value | $208,087 |
Housing Distribution
Address Breakdown
Residential
5,055
Single Family
4,937
Multi-Family
118
Businesses
665
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