1124 Throckmorton StGainesvilleTX76240
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 Gainesville at 1124 Throckmorton St, Gainesville, TX, 76240 listed at $199,900 pairs $1,738/mo rent with a $978/mo payment to leave $311/mo cash flow. Total monthly income runs $1,738/mo, and annual cash flow reaches $3,735/yr on $66,267 cash to close. Return on cash invested measures 25.54% in year one, and rental yield registers 10.43% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 134.37% and total cumulative return in cash totals $89,041. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,738/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.38 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BRANDON PARKER • Fathom Realty, LLC
Mls Name: NTREIS
Mls ID: #21064333
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.