107 Short StGilmerTX75645
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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 107 Short St, Gilmer, TX, 75645 priced at $253,000 pairs $2,237/mo rent with $438/mo cash flow after a $1,238/mo payment. Total monthly income equals $2,237/mo, and annual cash flow comes to $5,258/yr on $83,870 invested. Return on cash invested is 26.18% in year one, and rental yield stands at 10.61% on a $253,000 basis. Equity gained on principal adds $1,633/yr, and 5% annual appreciation accumulates to $69,899 by year five. Five-year ROI measures 137.7% and total cumulative return in cash reaches $115,492. For financing, Ziffy Mortgage’s DSCR program evaluates $2,237/mo property income against a $1,238/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75645, Gilmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,934 (100%) |
| Owner Occupied HU | 3,690 (74.8%) |
| Renter Occupied HU | 875 (17.7%) |
| Vacant Housing Units | 369 ( 7.5%) |
| Median Home Value | $212,321 |
| Average Home Value | $264,908 |
Housing Distribution
Address Breakdown
Residential
4,576
Single Family
4,522
Multi-Family
54
Businesses
77
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Listed by: Kara Patrick • Berkshire Hathaway HomeServices Premier Properties
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25001803
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.