113 E Cummings 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
Investment property for sale in Gainesville at 113 E Cummings St, Gainesville, TX, 76240 earns $80/mo cash flow from $1,036/mo rent with a $658/mo payment. Total monthly income totals $1,036/mo, and annual cash flow totals $958/yr on $44,587 capital. ROI tracks 22.06% on current figures, and rental yield reads 9.24% at a $134,500 purchase. Equity gained on principal adds $868/yr, and 5% annual appreciation supports $37,160 over five years. Five-year ROI reaches 115.59% and total cumulative return in cash sums $51,540. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,036/mo property income instead of your personal income.
Single Family
Built in 1930
5,009 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: Nev Hewitt-Patterson • RE/MAX Signature Properties
Mls Name: NTREIS
Mls ID: #21106030