1016 N Howeth StGainesvilleTX76240
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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 Gainesville at 1016 N Howeth St, Gainesville, TX, 76240 generates $953/mo in rent and, after a $587/mo payment, leaves $100/mo in cash flow. Total monthly income is $953/mo, and annual cash flow is $1,200/yr on $39,780 invested. Return on cash invested sits at 22.93% in year one, and rental yield is 9.53% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 120.23% and total cumulative return in cash sums $47,827. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $953/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76240, Gainesville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,723 (100%) |
| Owner Occupied HU | 7,328 (57.6%) |
| Renter Occupied HU | 3,939 (31.0%) |
| Vacant Housing Units | 1,456 (11.4%) |
| Median Home Value | $256,540 |
| Average Home Value | $356,674 |
Housing Distribution
Address Breakdown
Residential
12,229
Single Family
11,179
Multi-Family
1,050
Businesses
972
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Listed by: Sherri Caldwell • TIERRA REAL ESTATE
Mls Name: NTREIS
Mls ID: #21067215